Maryland Governor Wes Moore said he was not considering a run for president in 2028, as he tried to tone down speculation about his national aspirations ahead of his own reelection bid next year.

As he grapples with a nearly $3 billion budget deficit, Gov. Wes Moore has proposed education cuts that would heavily impact schools receiving poverty grants and pause annual funding increases in the Blueprint for Maryland’s Future.

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.

Gov. Wes Moore’s new budget proposal would raise taxes on Maryland’s wealthiest residents by adding two new tax brackets at income thresholds the state previously did not account for — a plan that

Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit.