Maine Gov. Mills Announces Maine's Budget Stabilization Fund Has Reached New Record High, Statutory Maximum
August 18, 2023
August 18, 2023
AUGUSTA, Maine, Aug. 18 -- Gov. Janet Mills, D-Maine, issued the following news release on Aug. 17, 2023:
Governor Janet Mills announced today that the State's Budget Stabilization Fund, also commonly known as the Rainy Day Fund, has reached $968.3 million, a record high and the maximum allowed under State law.
The Fund reached its maximum after the State ended the 2023 Fiscal Year in the black with a $141 million surplus, triggering a "cascade" that dist . . .
Governor Janet Mills announced today that the State's Budget Stabilization Fund, also commonly known as the Rainy Day Fund, has reached $968.3 million, a record high and the maximum allowed under State law.
The Fund reached its maximum after the State ended the 2023 Fiscal Year in the black with a $141 million surplus, triggering a "cascade" that dist . . .