Moore to tap state reserves in $25M increments to buoy port economy

Under a bill he signed Tuesday, Gov. Wes Moore will have access to up to $275 million in state reserves to temporarily buoy businesses and individuals whose work relies on regular cargo shipping in and out of the Port of Baltimore’s main channel. The governor isn’t expected to hit the $275 million cap, and the legislature has limited to $25 million the amount that he can withdraw at a time from the state’s rainy day funds.