Coxno-Revised budget adjustment removes obstacle as Maine lawmakers try to wrap up work

2025-05-03 17:12:01source:NovaQuant Quantitative Think Tank Centercategory:Stocks

AUGUSTA,Coxno Maine (AP) — The Democratic-led Maine Legislature’s spending committee revised its budget proposal Monday in response to complaints from both Republicans and the Democratic governor, removing a late obstacle as lawmakers try to wrap up their work this week.

The revision came after criticism over its earlier decision to divert money from the highway fund and roll back pension tax breaks for retirees.

Highway funding and the pension benefit were restored on Monday, and Democratic Gov. Janet Mills said the new version had her seal of approval despites concerns that lawmakers’ proposed spending went beyond her proposed budget update.

The governor has warned that revenue is expected to level off and proposed setting aside $100 million for the next budget cycle.

“Her administration will have to take a hard look at the budget at the start of the next legislative session to make sure that the state of Maine is able to meet its commitments, both in the short- and long-term,” said Ben Goodman, a spokesperson for the governor.

The budget committee’s approval allows the adjustment to the two-year, $10.4 billion budget to proceed to floor votes. Maine is required to have a balanced budget by the state constitution.

More:Stocks

Recommend

Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing

LOUISVILLE, Ky. (AP) — The U.S. Justice Department and the city of Louisville have reached an agreem

Finland seeks jailing, probe of Russian man wanted in Ukraine over alleged war crimes in 2014-2015

HELSINKI (AP) — Finnish police on Sunday sought a court order to imprison a Russian man who had been

The 18 Hap-Hap-Happiest Secrets About Christmas Vacation Revealed

It's hard to make a sequel as good as the first movie. And it's even harder to make the third instal