Maryland Gov. Wes Moore will offer a voluntary buyout program and implement a hiring freeze for state employees, according to an internal letter.

Gov. Wes Moore announced his plans in an email sent to state employees, citing a "historical fiscal challenge."

Maryland Gov. Wes Moore announced a hiring freeze will go into effect July 1 and voluntary buyouts are on the way as the state looks to close a $121 million budget shortfall for the next fiscal year.