Governor Janet T. Mills (D) With Scott Ogden, Communications Director, at East End Community School, Portland, on Election Day Earlier This Month.

Maine’s Revenue Forecasting Committee (RFC) is expected to upgrade the State’s General Fund revenue forecast by approximately $282.8 million for the current biennium, which ends June 2023.  The RFC also increased its projection for Fiscal Years 2024-2025 by $488.6 million according to a press release issued by Governor Mills’  office this afternoon.

“The State of Maine continues to be in the black as a result of Federal support and the good fiscal management of my Administration and the Legislature.  Looking forward, we will continue to budget in a responsible and prudent manner as we address Maine’s most pressing needs,” said Governor Janet T. Mills (D), the first woman governor of Maine. “To that end, these updated revenue projections are helpful as we finalize an emergency winter energy relief plan for the Legislature’s consideration.  I remain deeply concerned about the impact that high energy prices – from home heating oil to electricity – are having on Maine people.  Later this week, we will release a plan and work closely with the Legislature to provide financial relief – particularly for middle-class and low-income Maine people whose incomes are stretched thin right now – to help them remain safe and secure in their  homes this winter.”