Maryland Gov. Wes Moore's proposed 2026 budget would cut $111 million in state funding from the University System of Maryland, according to The Banner.

Gov. Wes Moore is entering the two-year period leading up to his reelection bid with nearly $5 million in campaign cash after stepping up his fundraising efforts in 2024, which also included raising millions for other Democratic candidates,

None of these things are easy. All of them are necessary,” Maryland Gov. Wes aMoore said in a news conference unveiling his plan.

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.

Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the first time the Democrat has thrown his political weight behind policies that could directly impact most Marylanders’ pocketbooks.

Governor Wes Moore says two-thirds of the people of Maryland, or 82%, will be getting a tax cut soon. Moore joins “CUOMO” to discuss his balanced Maryland budget and says “this is the moment when Maryland can actually grow economically” while helping working families.

Gov. Wes Moore (D-MD) joined CNN's Jake Tapper on Tuesday and discussed how he plans to work alongside President-elect Donald Trump. JAKE TAPPER: So president-elect Trump has been vocal with his criticism of the governor of California.

At the start of his administration, Moore issued a goal to rebuild the state government workforce, which shriveled under former Gov. Larry Hogan, a Republican.