Maine’s wet day fund reaches all-time excessive with $141M finances surplus

Maine’s wet day fund has reached an all-time excessive after the state ended the 2023 fiscal yr with greater than $140 million in surplus funds.

The state now has $141 million in surplus funds, based on Maine Public. In whole, the state is ending the fiscal yr with almost $970 million in stabilization funds.

In 2021, the state’s stabilization funds reached a excessive of $492 million as Maine bounced again from the primary yr of the COVID-19 pandemic. The present stabilization funds are almost double what was out there two years in the past, and quadruple the quantity reached in Gov. Janet Mills’ first yr in workplace.

Leela Stockley is an alumna of the College of Maine. She was raised in northern Maine, and loves her cat Wesley, her pet Percy and staying energetic within the Maine outdoor.
Extra by Leela Stockley