Lawmakers to vote on $7.98 billion budget in coming days

AUGUSTA, Maine — Maine's appropriations committee has voted out a two-year budget deal with a sticker price slightly below the governor's original $8 billion proposal.

The Legislature's Appropriations and Financial Affairs Committee voted 11-1-1 Wednesday on a $7.98 billion budget.

The budget now faces votes in coming days as lawmakers decide which remaining bills to fund. The budget needs two-thirds votes in both chambers to get to Democratic Gov. Janet Mills.

The Legislature is set to adjourn next week.

Republican Sen. James Hamper says the deal boosts revenue sharing, the homestead exemption and the property tax fairness credit.

Mills says no one got everything they wanted, but says she welcomes the bipartisan agreement.

Mills proposes sending $20 million of expected increased tax revenues into the rainy day fund, in case of economic downturn.

You may also interested in

Asian stock markets mixed as investors wait for Fed cue

Aug 26, 2016

Asian stock markets were mixed Friday, with investors preferring to sit on the sidelines ahead of U.S. Federal Reserve Chairman Janet Yellen's speech for cues on the timing of the next policy rate hike

Iowa at center of debate over 'shadow insurance' deals

Aug 30, 2016

Life insurance companies are setting up "shadow insurers" to take on some of their liabilities and free up some of their reserves

Asian markets waver on mixed signals from China, Japan data

Sep 1, 2016

Asian markets were mixed Thursday as China and Japan, the region's two biggest economies, reported contrasting data

Broaden News
Search

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us: sales@managethenumbers.com

Subscribe to our newsletter!

Name

Email