Senate President Ferguson Warns of Deeper Cuts as Federal Policies Squeeze Maryland’s Budget
Federal policy shifts are adding new strain to Maryland’s already precarious fiscal outlook, forcing General Assembly leaders to consider deeper budget cuts beyond the $2 billion in reductions, cost shifts, and fund transfers already on the table. As previously reported on Conduit Street, Governor Wes Moore’s plan includes $2 billion in spending reductions, revenue enhancements, cost shifts to local governments, fund transfers, and a lower Rainy Day Fund balance. However, Senate President Bill Ferguson warned…