AUGUSTA – Maine’s Revenue Forecasting Committee told lawmakers yesterday that Maine’s General Fund will exceed original estimates by roughly $128.5 million in the current budget cycle, which ends in June 2019. The full report will be available online here tomorrow.
Speaker of the House Sara Gideon released the following statement:
“I’m enormously pleased that the latest revenue forecast shows strong growth as we continue our slow recovery from the recession. But we must remember that our fiscal health is only as meaningful as the health and well being of our people. Right now, we are facing a devastating opioid epidemic, a significant number of children living in deep poverty and an overwhelming workforce shortage. This projection should serve to increase our focus on long term solutions that strengthen middle class families, while creating an environment that supports good paying jobs and a strong economy.
House Chair of the Appropriations and Financial Affairs Committee Rep. Drew Gattine released the following statement:
“The latest projection is opportunity to take the challenges Maine is facing and finally have a serious discussion about addressing them. I’m thinking about the conversations that are happening around kitchen tables all across Maine. People asking themselves how they are going to pay their mortgage, if they can see a doctor, if there is a safe, accessible childcare for their kids. And, sadly, in too many places the answers are not the ones you want to hear. In our committee, we are facing important obligations we owe to our seniors, our disabled and over 70,000 people who will receive access to health because of Medicaid expansion. Maine is at a crossroads, with the decisions we make today determining our future. I, for one, look forward to the conversation.”