Governor Janet Mills is expected to unveil a mostly flat state budget that will not introduce tax increases.
According to the Bangor Daily News, the spending plan, which will be released Friday, would keep the state funded through mid-2023.
Kirsten Figueroa, the governor’s budget commissioner, says revenue projections amid the pandemic are not as grim as previously thought, though they still had to come up with ways to cover a $650 million revenue shortfall projected over the next three years. Figueroa says it aims to do that with a combination of available federal funding and cost-cutting measures.
She says the plan will not touch the state’s rainy day fund, which still has about $258 million in it.
