Public Hearing about Revenue Sharing and Governor LePage’s Proposed Biennial Budget

Public Hearing about Revenue Sharing and Governor LePage’s Proposed Biennial Budget

When and Where?

Wednesday March 13, 2013 at 1:00 pm

Room 228, State House

What is the Biennial Budget?

Unlike in some other states, Maine passes a budget for two fiscal years. According to Maine’s constitution, the state must have a balanced budget. If state continues spending and taxing the way it is now, it would run a $756 million deficit over the course of the next two fiscal years. These estimates are reflections of a structural gap between the revenues the state collects and the programs it promises to …

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