AUGUSTA — Maine officials say the state ended the fiscal year with a budget surplus of nearly $168 million.
The Maine Department of Administrative and Financial Services announced the surplus on Tuesday. The department says it transferred $18.1 million to the state’s budget stabilization fund and $4.5 million to the Property Tax Relief Fund for Maine Residents.
State finance commissioner Kirsten Figueroa says the state is in a “strong economic position.” The department says the balance of the property tax relief fund is nearly $33 million, and that triggers a relief payment of at least $100 to the property tax payer for each homestead in Maine.
The budget stabilization fund is $236.9 million. The department says the fund acts as a savings account for Maine.
Send questions/comments to the editors.
-
Editorials
Our View: Loss of doctors leaving hole in rural health care
-
EditorialsOur View: Loss of doctors leaving hole in rural health care
-
Local & State
Red tide monitoring leads to longer-than-usual closures for some harvesters
-
Local & State
Amy Calder: He dreams of walking on his own two feet
-
Things to Do
Take out tasty broth, banh mis and bubble tea from Pho Co.
