My fellow Marylanders,
Last week, we hosted our final bill signing ceremony of the year. This year wasn’t just a legislative session of challenge – it was a session of change.
We endured the firing of thousands of government public servants through Elon Musk’s DOGE project, the launch of an unnecessary trade war with our allies, and the threats to critical projects like bringing the FBI building to Prince George’s County.
We endured a tumbling stock market and the contraction of the American economy for the first time in years, the start of a regional and national financial crisis, and the Trump Downgrades on the credit of D.C., Maryland, and the nation. The chaos of this new White House has exacted a daily toll on our people, our economy, and our future. And it has accelerated.
Together, we faced uncertainty and delivered a responsible, balanced budget that meets the moment:
- We turned a $3 billion inherited deficit into a surplus, while still preserving 8% in the Rainy Day Fund – above recommended levels.
- We’ve made over $2 billion in targeted cuts, the largest amount that has been cut from a Maryland budget in 16 years.
- And, as the Trump Administration raises prices, our income tax reform plan will ensure that 94% of Marylanders either get a tax cut or see no change.
This wasn’t easy or simple, but in Maryland, we care more about solving problems than scoring points – and our strategy is working:
- We’ve created nearly 100,000 jobs – more in two years than my predecessor created in two terms.
- We’ve brought unemployment to national lows and brought job growth to national highs.
- And even in the face of chaos from Washington, D.C., the rating agency Fitch affirmed Maryland’s AAA Bond Rating.
Our work to protect Marylanders from the ravages of Washington, D.C. is only just beginning. We refuse to slow our progress in growing Maryland’s economy and winning the decade.
Your Governor, Wes Moore
|