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

Maine’s wet day fund has reached an all-time excessive after the state ended the 2023 fiscal 12 months with greater than $140 million in surplus funds.

The state now has $141 million in surplus funds, in accordance with Maine Public. In whole, the state is ending the fiscal 12 months 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 12 months of the COVID-19 pandemic. The present stabilization funds are almost double what was accessible two years in the past, and quadruple the quantity reached in Gov. Janet Mills’ first 12 months 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 lively within the Maine open air.
Extra by Leela Stockley