Gov. Wes Moore’s tax reform plan that would raise hundreds of millions of dollars more from Maryland’s wealthiest earners does not go far enough to offset potentially “devastating” cuts to education,

None of these things are easy. All of them are necessary,” Maryland Gov. Wes aMoore said in a news conference unveiling his plan.

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.

Gov. Wes Moore’s new budget proposal would raise taxes on Maryland’s wealthiest residents by adding two new tax brackets at income thresholds the state previously did not account for — a plan that some Republicans worry could backfire.

Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit.

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.

As he grapples with a nearly $3 billion budget deficit, Gov. Wes Moore has proposed education cuts that would heavily impact schools receiving poverty grants and pause annual funding increases in