Budget deficits loom in the wake of the 2023 session

The most recent 90-day legislative session swung the Maryland’s fiscal picture from hundreds of millions in surplus to increasing projected deficits over the coming four years, according to the Department of Legislative Services. Deficits projected in the report for 2028 exceed $1 billion and approach levels not seen since The Great Recession. The new projections pose a test to the ability of Gov. Wes Moore (D) to deliver on a number of priorities and promises.