Maine Budget’s ‘Rainy Day Fund’ Reaches Statutory Maximum, Surplus to be Distributed to Affordable Housing Programs
Gov. Janet Mills announced Thursday that the state’s Budget Stabilization Fund, commonly known as the “Rainy Day Fund,” has reached a record high and its statutory maximum at $968.3 million, and the state will transfer its surplus into supporting affordable housing efforts. [RELATED: ‘Millsvilles’: The Maine Wire Visits Portland’s Drug-Infested Tent Cities] Under Maine state […]
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