Maryland’s economy is losing altitude. Just three years into Gov. Wes Moore’s term, the state faces deep budget deficits despite inheriting a record surplus from eight years of disciplined fiscal management under Gov. Larry Hogan. That surplus was quickly spent on mandated programs like the Kirwan Blueprint for Education and thousands of new government hires — leaving taxpayers with the bill.

Even after passing the largest tax increase in state history to “fix” the problem, Gov. Moore and the Democratic supermajority have not stabilized the budget. State analysts still project multi-year shortfalls because spending continues to grow faster than revenue. Meanwhile, Maryland is losing — losing residents and employers — to other states.

The latest economic report from the comptroller conf

See Full Page