Spotlight – Budget and Tax

Maryland’s New Fiscal Year: Operating Budget and Tax Roundup 

Maryland’s new budget year (FY 2026), which began July 1, brings important changes for Maryland communities. The choices embedded in this year’s budget were driven by historically high deficit projections. Policymakers closed the short-term gap with a combination of budget

Do’s and Don’ts for Fair and Effective Maryland Tax Reform

Fixing Maryland’s tax code to raise much-needed revenue and promote broad prosperity remains critical amid drawn-out budget negotiations and disastrous federal cuts. To make sure the eventual deal is both fair and effective, policymakers should focus on the following dos

First Look: Governor Combines Revenues, Cuts to Narrow Budget Gap

Gov. Moore’s budget proposal for fiscal year 2026 (July 2025–June 2026) makes a significant dent in the state’s looming shortfalls, with similar-sized contributions from tax reforms and budget cuts. The plan takes several positive steps to crack down on corporate

Principles for a State Budget That Advances Opportunity For Everyone

As Maryland policymakers begin the annual state budget process, they have a chance to make transformative investments that benefit Maryland families and communities for years to come and advance opportunity for all Marylanders, whether urban or rural, white, Black, or