ANNAPOLIS, Md. —
On his second full day in office, Maryland Democratic Gov. Wes Moore rolled out his first budget plan for the next fiscal year, which includes $1 billion dedicated to education and transportation.
Moore considers his first spending plan the most ambitious budget in recent history, saying it shows that the budget plan "can be bold without being reckless." He said his plan does not raise taxes or fees.
Moore said his $63.1 billion budget is a bold reflection of his priorities -- education, transportation and public safety -- while also being fiscally responsible.
"This budget really is a true reflection of not just the hope and the promise that we have for the state, but we believe truly this budget helps to solidify the fact that this is going to be Maryland's decade," Moore said.
As he plans out the state's fiscal year 2024 budget, he faces a surplus and a healthy Rainy Day Fund.
But all that cash will be short-lived.
The governor and Budget Secretary Helene Grady warned that going forward, Maryland may not be in as sound fiscal shape, saying the state's economy has been stagnant for several years.
"Maryland ranked 47th among states and (Washington), D.C., for overall economic momentum. We ranked 45th on personal income. We tied for 40th in terms of change of population. And, we ranked 43rd highest in the nation for highest unemployment rate," Grady said.
"Right now, we have two available jobs for every single person filing for unemployment because there...
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