Maryland Unveils $3.9 Billion Federal Stimulus Spending Plan

Maryland plans to use a large portion of its $3.9 billion in federal coronavirus relief funds to shore up the state’s unemployment insurance trust fund and stabilize insurance tax rates for businesses for the next two years.

Gov. Larry Hogan (R), along with state Senate President William Ferguson (D) and House Speaker Adrienne Jones (D), announced the measure Wednesday as part of a larger budget agreement for spending the multi-billion dollar aid from the latest federal relief law (Public Law 117-2). The measure would allocate $1.1 billion toward the unemployment insurance trust fund to help businesses for calendar ...