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flag Maine's governor proposes spending $1B rainy day fund on checks and housing, sparking concerns over fiscal responsibility and long-term stability.

flag Governor Janet Mills proposes using Maine’s $1 billion rainy day fund for $300 relief checks and $70 million in housing subsidies, sparking concern over fiscal responsibility. flag Despite strong revenue growth and no current economic emergency, critics warn the move undermines the fund’s purpose as a buffer during crises. flag Past use during the 1991 recession led to severe cuts and a state shutdown, eroding public trust. flag Mills has avoided bond measures, relying on fund transfers for infrastructure, leaving schools and wastewater projects underfunded. flag Experts caution that spending the reserve without a genuine emergency sets a dangerous precedent and risks long-term financial stability.

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