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,

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.

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.

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. Moore is aiming to produce $50 million in savings for the state in the current fiscal year. And that's on top of his plan for $2 billion in cuts.

Maryland Gov. Wes Moore's proposed 2026 budget would cut $111 million in state funding from the University System of Maryland, according to The Banner.