The Prince George General Assembly Committee meeting on April 29, 2025, focused on significant budget allocations and funding initiatives for the upcoming fiscal years. Key discussions highlighted a proposed $15 billion funding for Medicaid, which aims to support approximately 1.5 million residents. Additionally, the committee outlined a $594 million increase in funding for public schools, marking a 7.3% year-over-year rise, with counties expected to contribute an additional $1.4 billion.
The meeting also addressed funding for community services for individuals with developmental disabilities, restoring $181 million for fiscal years 2025 and 2026. This restoration was emphasized as crucial by committee members, reflecting the advocacy of the disability community.
Economic growth was another focal point, with $139 million earmarked for private sector development. The committee discussed various revenue-generating measures, including an increase in income tax rates for high earners, which is projected to raise approximately $344 million. Other tax adjustments included raising the sports wagering tax from 15% to 20% and increasing the cannabis tax from 9% to 15%, expected to generate an additional $32 million and $500 million, respectively.
The committee also noted budget cuts, including a $141 million reduction for the University of Maryland system and a delay in the implementation of family medical leave insurance until 2028. These cuts were framed as necessary adjustments amid broader fiscal planning.
Overall, the meeting underscored the committee's commitment to addressing critical funding needs while navigating the complexities of state revenue and expenditure. The discussions set the stage for future legislative actions aimed at enhancing public services and supporting community initiatives in Prince George's County.