Maryland Governor Wes Moore is expected to share his FY2025 budget proposal and legislative priorities as the state faces a $2.7 billion deficit, the largest in 20 years.

Governor Wes Moore says 82% of Marylanders will see a cut or no change in their taxes, while the richest 18% will see increases. He did not say how much that increase will be.

Maryland Gov. Wes Moore said that his proposal for the state’s budget will include $2 billion in cuts. He declined to specify which areas of the state’s roughly $63 billion budget