At The End Of The Fiscal Year, Maine Reports Revenue Surplus And Increase In Cash Reserves

Maine’s biennial budget requires bipartisan agreement and collaboration between both the legislative and executive branches. As a result, neither branch nor either party deserves all the credit during good times or all the blame in bad times.

But, through any lens, here is the evidence that state spending remains prudently within sustainable revenues:

One year ago on June 30th, state budget reserves totalled $316,203,314.

Following the enactment of appropriations for the next two years and after the books were closed this past June, the state had $341,609,166 in reserves and total appropriations remain well within independently forecast revenues.

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