Hogan for Maryland released the following statement from Governor Hogan in response to Moody’s changing its outlook on the state’s credit rating to negative–the first downgrade of its kind since the O’Malley administration:
“During my time as governor, we worked in a bipartisan way to maintain fiscal discipline, balance our budgets, and ensure the financial health of our state while cutting taxes by $4.7 billion. After inheriting a $5.1 billion structural deficit, we left office with a record $5.5 billion in reserves. Shortly before leaving office, I urged state leaders to continue our commitment to fiscal prudence.
“I am saddened to see Maryland’s fiscal trajectory heading in the direction of Washington DC. Marylanders deserve a government that is committed to ensuring long-term fiscal stability. I hope this downgrade is a wake-up call to abandon all the talk in Annapolis of record tax increases and more reckless spending.
“Now more than ever, Maryland needs leaders who will fight for tax relief and fiscal responsibility, and that is exactly what I will do in the United States Senate.”
