state budget

Maine's budget stabilization fund has reached a record high and the maximum under state law after the state finished the 2023 fiscal year with a $141 million surplus.

The Maine Legislature has approved an $800 million spending plan that will be folded into the state's two-year budget. But the proposal failed to garner the margin of votes needed to allow it to go into effect immediately.

Democrats in the Maine Legislature used their majority status to push through a nearly $10 billion state budget on Thursday that maintains existing programs and remove the possibility of a government shutdown this summer.

Such a move – “majority budget” in Augusta-speak – is rare, but it happened as recently as 2021. And it could happen next week.

As expected, Mills didn’t propose sweeping new initiatives or massive expansions of existing programs as part of her two-year budget proposal. Instead, it was the total dollar figure of the governor’s budget proposal — $10.3 billion — that drew the most initial attention.

There are hundreds of bills introduced the first session of the Maine legislature, but there's only one that must be passed: the two year state budget. Ed…

Lawmakers are continuing to try and reach agreement on a two-year state budget, with the current budget running out Friday at midnight, which will trigger…

AUGUSTA, Maine - The clock is ticking for the Maine Legislature, as it mush have a budget in place by the end of the month to avoid a disruption in state…

AUGUSTA, Maine - Maine lawmakers are eagerly awaiting details about Republican Gov. Paul LePage's two-year budget proposal.The governor is expected to…