Gov. Mills’ proposed savings halved in state budget after objections

Meanwhile, James Myall, an analyst for the progressive Maine Center for Economic Policy, said the state is in a strong position when it comes to savings, pointing to the rainy day fund in particular.

“We’re pretty pleased actually to see that the Appropriations Committee was not quite as cautious as the governor in putting a lot of extra money into savings,” Myall said. “I think there is this question over the longer term of thinking about sustainable revenue, but we’d certainly rather see these needs being met than to keep putting money into savings funds when there are these outstanding needs that people need to help for.”

Click here to read the full story, first published April 25, 2024 in Maine Morning Star.