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Maine forecasts $248M in new revenue, boosting its fund to $11.6B, prompting a supplemental budget in January.
Maine’s state government expects a $248.4 million revenue increase, driven by 1.6% annual growth in sales, income, and corporate taxes, with $165 million for the current fiscal year and $83.3 million for the next, both ending in June 2027.
The boost raises the two-year General Fund to $11.63 billion.
Due to Maine’s balanced budget requirement, Governor Janet Mills will submit a supplemental budget in January, prioritizing public health, safety, welfare, and education.
The forecast signals steady but slow fiscal growth after pandemic-era surges.
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Maine pronostica $ 248 millones en nuevos ingresos, aumentando su fondo a $ 11.6B, lo que provocará un presupuesto suplementario en enero.