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Wes Moore on Budget & Economy

 

 


Control spending and need more private investment

Q: The state budget deficit is forecast to include a $3 billion shortfall next year. Are we likely to see significant cuts or tax increases?

Moore: To be clear, we inherited a budget deficit. The only way that you can be able to address the fact that Maryland was wracking up the credit card and passing it on is doing two things. You need to control your spending and you need more private investment and that is what we've done. Where we've now cut the size of the general fund, controlled spending for four years in a row, we have now invited over $17 billion of private investment in the state of Maryland. So you have to control your spending, increase private investment and that is exactly what we've done.

Cox: I will cut taxes and fees. To blame the federal economy, yes there's issues there, but we are the second worst economy in the nation. Our audits demonstrated $6.18 billion questionable spending. That is where we come up with the $3 billion. We don't need to raise taxes to do that.

Source: PBS News Transcript of 2026 Maryland Gubernatorial debate , Oct 6, 2026

Trump and Bessent have wrecked this economy

This is dumb and dumber, Trump and Bessent [Treasury Secretary Scott Bessent]. They have wrecked this economy, 1.4 percent GDP growth in the last quarter, inflation back up to 3 percent, the worst jobs market we have seen since 2013, 2.2 percent GDP for the entire year. He inherited 2.8. It's a wrecking ball presidency. He's wrecking this economy. His entire economic paradigm is mass deportations, tax cuts for billionaires, and tariffs. And he's been exposed. He's a fraud.
Source: CNN SOTU on 2028 Presidential hopefuls , Aug 16, 2026

Invest in transportation connecting people with opportunity

This year, we are continuing to focus on housing as a pathway to opportunity, both for individuals and for the entire economy. A keystone of my legislative agenda is the Maryland Transit and Housing Opportunity Act of 2026. The idea is simple: Marylanders should be able to get from where they live to where they work. So let's build more housing near transit. And let's invest in transportation that connects people with opportunity.
Source: 2026 State of the State Address to the Maryland legislature , Feb 11, 2026

Create new financial tools to drive housing development

Our state faces a problem of supply and demand. Prices go up because we don't have enough homes. We will create new financial tools to drive development and redevelopment in communities that need it most. We will build new pathways to homeownership and wealth creation. We will stand up for renters and confront the harsh truth that Maryland has the highest eviction filing rate in America. We will cut government red tape that makes it harder to build quality housing.
Source: 2024 State of the State Address to the Maryland legislature , Feb 7, 2024

We can invest today while also preparing for the future

We made the largest investment in public education by any governor in our state's history AND introduced $200 million in targeted tax relief for children in poverty and veterans in retirement.

We put forward a plan to make Maryland the first state to end child poverty, AND we kept 10% in the rainy day fund. Let's put an end to the belief that we cannot invest in the future today, while also preparing for the uncertainty of tomorrow. It's Just. Not. True.

Source: 2023 State of the State Address to the Maryland legislature , Feb 1, 2023

Provide Minority Business Enterprises with support

Ensure procurement agencies reach their goals for investing in Minority Business Enterprise contracts and provide MBEs with supports around curriculum, capital, and customers.

Create a resource and knowledge base to provide MBEs with assistance and best practices

Ensure MBEs have a fair shot at contracts by cracking down on the use of MBE program waivers.

Source: 2022 Maryland Gubernatorial campaign website WesMoore.com , Jul 24, 2022

Other governors on Budget & Economy: Wes Moore on other issues:
MD Gubernatorial:
Ashwani Jain
Christopher Bouchat
Dan Cox
Doug Gansler
John B. King
Kelly M. Schulz
Larry Hogan
Peter Franchot
Robin Ficker
Rushern Baker
Thomas Perez
MD Senatorial:
Angela Alsobrooks
Benjamin Cardin
Chris Chaffee
Chris Van Hollen
Colin Byrd
David Trone
Larry Hogan
Robin Ficker

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Page last updated: Oct 25, 2026; copyright 1999-2022 Jesse Gordon and OnTheIssues.org