The administration of Maryland Gov. Wes Moore is proposing to tackle a multibillion-dollar, long-term budget shortfall by imposing drastic cuts on transportation spending that would slow highway construction, reduce transit service and increase the cost of airport parking, according to a summary of the plans.
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Maryland faces an across-the-board budget crunch caused by lackluster economic conditions and the expense of key policy goals. But the outlook is worse for transportation projects scheduled to begin in several years, partly because of rising construction costs and declining revenue streams dedicated to paying for them.