OCEAN CITY, MD – Speaking at the Maryland Association of Counties Conference in Ocean City Saturday, Governor Wes Moore addressed financial anxieties around the state’s declining revenue and record spending levels.
Moore characterized the budget challenges as a hold-over from previous administrations while telling attendees to brace for a moment of economic belt-tightening.
“Our economic engine does not support our ambition, of the last 20 state budgets in Maryland, 17 have needed cuts to stay balanced,” Moore said.
Moore described Maryland as being outpaced in economic and receipt growth by neighboring states, and warned of hard financial decisions ahead as federal aid dollars and stock market performance can no longer be relied on to plug up holes in the budget.
“Our budgets have gotten bigger over time, but our economy has not kept pace, when I took office, our economy…
