MARK YOUR CALENDAR & JOIN US!
Monday, December 27th, 2025
Meet for Dinner at 6 pm | Meeting at 7 pm
We’ll be discussing Governor Moore’s
BUDGET BUSTING BUDGETS
Governor Moore’s proposed FY26 budget totals $67.3 billion, reflecting a 1% increase in spending
compared to the previous fiscal year and must close a $3 billion budget deficit.
PROPOSED:
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- $987 million in new or increased taxes, fees, and assessments.
- Increases to the standard deduction and applies it to all households regardless of income level AND creates two new income tax brackets for “high income” earners.
- Reduces Corporate Income Tax rates from 8.25% to 7.99% BUT implements combined reporting.
- Increases Cannabis Tax from 9% to 15%.
- Increases Casino Table Game Tax from 20% to 25%.
- Establishes a four-year surcharge on capital gains income over $350,000.
- Eliminates the inheritance tax BUT lowers the estate tax exemption from $5 million to $2 million.
- Increases emissions fee from $10 to $30 and the emissions late fee from $15 to $30.
- Establishes an Administrative Fee if you pay your vehicle registration costs through installments.
- Expedites the implementation of last year’s increases in vehicle registration fees
- $180 million for climate reduction initiatives, doubling the previous year’s funding of $90 million. (All funding is dedicated to wind and solar projects.)
- $122 million for local police departments.
- $2.5 billion in adjustments to the Blueprint for Maryland’s Future over the next five years.
- $400 million for childcare scholarship programs.
- Preserves the Rainy Day Fund at 8% of the state budget.
- Reduces funding for the Developmental Disabilities Administration by $200 million
- $987 million in new or increased taxes, fees, and assessments.
The MD General Assembly Calendar
2025 Session
Check out the General Assembly’s Scheduled Calendar and get busy to fight the budget bloat with Governor Moore and MD Democrats.
Download this at mgaleg.maryland.gov
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