Gov. Wes Moore’s budget proposal could elevate the personal income tax rate for Maryland’s highest earners to one of the highest in the region, a recent policy study finds.

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.

Gov. Moore is aiming to produce $50 million in savings for the state in the current fiscal year. And that's on top of his plan for $2 billion in cuts.

Gov. Wes Moore’s new budget proposal would raise taxes on Maryland’s wealthiest residents by adding two new tax brackets at income thresholds the state previously did not account for — a plan that some Republicans worry could backfire.

None of these things are easy. All of them are necessary,” Maryland Gov. Wes aMoore said in a news conference unveiling his plan.