May 18th, 2025 by WCBC Radio

Governor Wes Moore, Lieutenant Governor Aruna Miller, Treasurer Dereck Davis, Comptroller Brooke Lierman, House Speaker Adrienne Jones, and Senate President Bill Ferguson released the following statement on Fitch’s AAA Credit Rating: “Today’s full report from Fitch on our AAA state credit rating affirms our work to preserve Maryland’s fiscal strength, despite attacks on our economy from the federal government. 

“As Fitch acknowledged, Maryland’s “financial resilience is extremely strong, with well-funded budgetary reserves, consensus-oriented decision-making with a historical willingness to trim spending and increase revenues, and a disciplined multiyear forecasting and planning process.

“We turned a deficit into a surplus, gave the middle class tax relief, and reduced spending by over $2 billion–the largest amount that’s been cut by a Maryland budget in 16 years. We’ve also created nearly 100,000 jobs, achieved some of the lowest unemployment rates in the nation, and experienced one of the fastest job growth rates.

“Even amid enormous federal headwinds – from government layoffs and massive budget cuts –  Maryland stands strong. We will continue to protect our people and fortify our state against the ravages of Washington. And together, we will continue to answer crisis with courage.”