On his second official day in office Governor Wes Moore revealed his administration's first budget proposal for Fiscal Year 2024.
If revenue projections hold up, Moore estimates a $2.3 billion general fund surplus at the close of Fiscal Year 2023.
That's more than $2 billion less than the current surplus left by former Governor Larry Hogan.
The Moore administration says that should be no surprise considering the state is preparing to no longer receive unprecedented amounts in federal stimulus and enhanced Medicaid funding. That on top of income taxes last year that generated $1 billion more than expected.... Read More: WMAR2NEWS