AUGUSTA –– Maine concluded the fiscal year with $59.1 million surplus, which the state’s finance chief attributed to an improving economy and conservative budgeting. Richard Rosen, the commissioner of the Department of Financial and Administrative Services, said the unappropriated surplus will help increase the state’s budget stabilization fund, also known as the rainy day fund, to $111.1 million.

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Topics:  Maine   Cumberland County   Portland   
BING NEWS:
  • Could the U.S. force treatment on mentally ill people (again)?
    America began closing mental hospitals. A growing chorus is blaming that for the crisis of mentally ill folks living on our streets.
    04/16/2024 - 3:30 am | View Link
  • Turner-based school district budget up $2.5 million to cover staffing, insurance
    TURNER — Directors of Maine School Administrative District 52 approved Wednesday a nearly $35 million budget proposal for 2024-25, a 7.7% increase from this year's $32.5 million. The biggest factor in ...
    04/15/2024 - 11:36 am | View Link
  • Portland city manager’s budget proposal calls for 5% tax increase
    The city says it has reduced the costly use of hotels to house people temporarily, but social services remains one of the Portland's largest expenses as more services and staff are required at ...
    04/9/2024 - 3:47 am | View Link
  • Wu proposes $4.6 billion budget for next fiscal year
    The plan prioritizes ‘improving existing processes,’ and represents an eight percent, or $344 million, increase from the previous year.
    04/8/2024 - 10:25 am | View Link
  • Auburn nears end of school budget process, proposing roughly 5% increase
    So far, the recommended budget is $62.23 million, a 5.4% increase compared to last year’s budget. If approved, it would result in a property tax rate of $9.24 per $1,000 of assessed value, increasing ...
    04/5/2024 - 9:05 am | View Link
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