With less than six months left in the governor’s race, Maryland’s new governor is making a bold move in the state’s financial troubles.
The new governor of Maryland, Larry Hogan, will take on the role of a cabinet secretary, which will give him the power to write the budget, negotiate with Congress and make sure Maryland is financially strong in the coming year.
But the new governor has a lot to learn.
For starters, the state is facing a budget deficit of $1.5 billion, which Hogan has said is his “biggest challenge” as governor.
But that figure is far from the $8.3 billion Hogan says he wants to be.
The governor also wants to increase state funding for education by $1 billion, as well as to boost the state economy by $200 million.
But those plans have yet to materialize.
Hogan’s budget includes a promise to increase the state tax rate to 2.5 percent on everyone earning less than $75,000 per year.
His $2.5 trillion plan calls for the tax rate on millionaires to drop to 1.25 percent.
But the governor is also looking to boost spending by $4 billion over five years.
That includes $2 billion in new spending on infrastructure and $1 million for new public transit.
Hogan says his plan will be revenue neutral by 2020.
But Hogan is also trying to raise the state income tax rate from 5 percent to 7 percent by 2019.
He’s also trying some tough measures to cut spending, like the elimination of some $2 million in new Medicaid funding.
He’s trying to put together a balanced budget that will not only be revenue-neutral, but will also pay for the state to stay solvent and be able to make investments in infrastructure, education and job training.
The state’s unemployment rate is 4.7 percent, up from 3.8 percent in 2017.
But while Maryland’s economy has been expanding for the last several years, it has had a difficult time attracting jobs in the last three years.
The unemployment rate rose from 3 percent in 2016 to 4.4 percent in January.
The job market is still struggling to fill the jobs lost when businesses stopped hiring.
The state’s labor force participation rate is 62.6 percent, but the state has seen a large drop in the number of workers entering the labor force, particularly in the agricultural industry.
The economy is expected to add more than 1.2 million jobs in 2021.
But there is also concern about the number.
Hogan wants to bring Maryland’s unemployment and underemployment rates in line with the rest of the country.
And while the governor says he has the resources to solve the state budget issues, there is some debate among experts as to whether he will be able and willing to do so.
According to a recent report from the Washington, D.C.-based Economic Policy Institute, Hogan has the lowest level of political experience of any governor in the nation.
He was first elected governor in 2014 and was re-elected in 2018.
He served for four years and was defeated in a primary in 2018 but returned in 2020 to seek re-election.
He then served for three years and lost to Democrat Jon Ossoff.
He did win the presidency in 2020, and he won re-elections in 2020 and 2022.
But as a result of those elections, the governor has been unable to make good on his promise to create a $1 trillion economic stimulus package.
Hol Hogan did win a seat in Congress in 2018, and his party, the Democratic Party, has had to fend off Republican opponents in the House and Senate.
So, Hogan is expected at least to have a seat on the House Budget Committee.
The budget committee has a strong Republican majority.
Holly Hogan also has been under scrutiny in recent weeks for his role in a $300 million payout to a former state employee who was convicted of murder.
Hogan and his wife, Tracey, have been facing scrutiny in the past for their role in the deal.