• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Maine Gov. Mills proposes $887M supplemental budget
Economy

Maine Gov. Mills proposes $887M supplemental budget

by May 11, 2023
by May 11, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Democratic Gov. Janet Mills on Wednesday proposed nearly $900 million for a supplemental budget, with the additional spending intended to tackle urgent problems including affordable housing, shelter for homeless people and emergency medical services.

The total updated package envisions $432 million in new appropriations along with $455 million in transfers including $200 million to the Department of Transportation and $15 million to continue free community college tuition for in-state students.

The proposal contains no concessions to Republicans already angry over a procedural move used by Democrats, who control the Legislature, to adopt a two-year essential services budget over their objections. Democrats ended the legislative session after the vote, only to resume days later in special session.

Mills proposes to use additional surplus money and increased revenue projections to add to the budget signed March 31, pushing it to $10.3 billion over two years.

‘This proposal lives within our means, using revenues in a responsible way to address serious, pressing issues — like the housing crunch, homelessness, and food insecurity — while also making thoughtful, strategic investments that will strengthen our economy,’ the governor said in a statement.

The announcement adds to a previous supplemental budget bill and includes no tax cuts sought by Republicans.

‘We don’t find the governor’s change package responsive to the times, or responsive to the needs of the Maine people,’ Republican lawmakers said in a statement.

The governor’s updates include adding $50 million to a housing proposal, bringing the total to $80 million for affordable housing; $12 million in one-time funding for emergency housing for homeless people; and $31 million in one-time funding for grants to emergency medical services.

Her proposal comes after a new projection of an additional $223 million available for the 2023 fiscal year, followed by a $71 million increase in the 2024 and 2025 fiscal years and flat revenues in the next two years.

The proposals build on the current services budget that maintains 55% of the cost of education and fully restored revenue sharing with municipalities, Mills said.

Previous budget surpluses allowed the governor to return $729 million to residents in the form of $850 inflation relief checks in 2022 and another $473 million this year through $450 heating assistance checks.

Many Republicans called those one-time payments a gimmick and said permanent tax cuts would be a better option.

This post appeared first on FOX NEWS
You Might Also Like
  • The dollar index rose above 102.50 after Friday’s top news
  • Wisconsin Elections Commission declines to vote on future of state’s top election official
  • Ex-Gov. Andrew Cuomo faces new lawsuit alleging ‘unmitigated greed’ contributed to nursing home deaths
  • White House deems House impeachment inquiry ‘over,’ President Biden formally declines to testify
Share
0
FacebookTwitterPinterestWhatsapp

previous post
GOP presidential candidate Vivek Ramaswamy to announce constitutional amendment to raise voting age to 25
next post
Texas historical society dispute could shape how state history is taught from battlefields to classrooms

You may also like

DeSantis, Haley target President Biden over humanitarian aid to Palestinians:...

October 25, 2023

SAP SE: $277B Giant’s Growth Trajectory at $225.85

October 4, 2024

Georgia Gov. Brian Kemp contacted by Special Counsel Jack Smith...

July 24, 2023

Black conservatives rally around Kari Lake for refusing to stand...

February 16, 2023

S&P 500 Extends Best Weekly Winning, Futures Edge Up 0.1%

October 21, 2024

Dollar Index Analysis: Strong Uptrend Faces Resistance Level

November 12, 2024

Haley says US will have ‘female president’ — either herself...

February 24, 2024

Trump verdict puts US among infamous countries that prosecuted opposition...

June 1, 2024

Nadler dismisses ‘essentially fraudulent’ claims from Republicans about crime in...

April 16, 2023

Riley Gaines tells Congress she was held for ransom at...

May 17, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,321 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Georgia county home to Atlanta approves...

    February 10, 2023

    Chicago Pro-Palestinian groups reject White House...

    March 16, 2024

    GOP Senators demand accountability from Biden...

    June 16, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here