Joint Statement from Governor Moore, Senate President Ferguson, House Speaker Peña-Melnyk on Maryland’s Budget Outlook

Updated: November 13, 2026

Governor Wes Moore, Senate President Bill Ferguson and House Speaker Joseline  Peña-Melnyk issued the following joint statement after their meeting today:

“Maryland’s budget challenges are not a new phenomenon, and we cannot continue to address them one year at a time. This year, we’re taking a new approach.

“Today, we agreed to work together to develop a four-year plan that addresses the state’s ongoing budget shortfalls and puts our finances on a more sustainable path. A more predictable state budget will be a stronger foundation for diversifying our economy and supporting the most vulnerable in our communities.

“Trump administration cuts and economic uncertainty have added to the financial pressures facing Maryland. But we cannot wait for Washington to change course. We have a responsibility to address the challenges within our control.

“Developing this joint four-year plan will require a careful review of state spending, a commitment to making government more efficient, and an honest assessment of which investments are delivering results and where changes are needed.

“There will be difficult decisions ahead. We know those decisions affect people’s lives, and we are committed to making them together, being straightforward with Marylanders about the choices we face, and protecting the services and investments that matter most to our state’s future.”
 

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