Governor Moore released details yesterday of the Moore-Miller Administration’s Fiscal Year 2025 proposed budget. The $63.1 billion plan follows a fiscally responsible framework to respond to the state’s budget challenges while making record investments in priorities that will make Maryland safer, more affordable, more competitive, and the state that serves.
“This budget makes our values very clear in both what we invest and how we invest. We’ve taken action in a fiscally responsible way, studied the data and directed state resources toward proven programs that have big returns, and we’ve prioritized spending in a way that invests in our state and grows our economy in the long-run,” said Gov. Moore. “We will give Marylanders the kind of leadership they know and deserve – and now, it’s time to work in partnership with the Maryland General Assembly to get a final budget passed. This will be Maryland’s decade and the investments we make today will pave the way for the future we all seek.”
The Governor’s press release highlights several of the initiatives funded under the Administration’s specified goals. More broadly, the proposed budget shrinks the state’s structural deficit by 34 percent, maintains the Rainy Day Fund balance at 9.4 percent, and addresses the state’s projected cash shortfall to create a cash balance of more than $100 million without raising taxes.
Additional budget details can be found below.
FY 2025 Budget Presentation
FY 2025 Budget Highlights
FY 2025 Operating Budget Volume One
FY 2025 Operating Budget Volume Two
Additional Media Coverage
Governor’s Press Release – What Marylander’s Are Saying About the Budget
Maryland Matters Article – Moore Budget Focuses on Core Priorities Without Tax Increases
Baltimore Banner – Gov. Moore Budget Proposal Closes Shortfall Without New Taxes
