Tomorrow, Maine will have a new governor-elect and our 125th Legislature. Among the many challenges they must overcome, the most formidable may well be how to balance Maine’s budget in the face of an estimated $1.17 billion revenue shortfall. In our latest column in Maine BIZ, MECEP urges these new leaders to recognize that budget cuts alone are not the answer and could be counterproductive as Maine struggles to get our economy going after the worst recession in more than seven decades. In “Maine’s Balancing Act: Maintaining Services, Investing in the Future,” a new release in the long running MECEP Choices series, MECEP Associate Director Garrett Martin and Fiscal Policy Analyst Dan Coyne argue for “a balanced approach that includes raising revenues to ensure that Maine families will share fully in a reinvigorated economy.”
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