Senate committee finalizes nearly $71 billion spending plan for fiscal 2027

By: Bryan P. Sears

Outlets: Maryland Matters

Published: March 14, 2026

Words: 1,073

Last Updated: 4 months, 3 weeks ago

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A nearly $71 billion state budget took a key step forward Friday as the Senate Budget and Taxation Committee finalized its version in preparation for a vote before the full Senate next week.

Gov. Wes Moore (D) delivered a $70.8 billion overall budget in January. The spending plan closed a surprise $1.5 billion structural gap with a series of one-time fund transfers including nearly $300 million diverted from the Strategic Energy Investment Fund. The …

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