NATIONAL HARBOR, Md. — Maryland officials are warning of mounting budget pressures as the state faces a projected $1.5 billion deficit in fiscal year 2027, with shortfalls expected to grow to nearly $4 billion by the end of the decade.

A briefing scheduled for Tuesday afternoon will outline the challenges Gov. Wes Moore confronts as spending continues to outpace revenue. Analysts say the gap is structural, meaning even new taxes or tapping the Rainy Day Fund will not fully close the hole in future years.

Recent revenue reports show mixed results. Personal income tax collections came at $264M above estimates, but corporate income tax revenues fell short by $47 million, and cannabis tax revenue underperformed by $15.1 million in fiscal 2025. The federal One Big Beautiful Bill Act is also

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