Page 45 - Budget Stabilization News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LANSING – Gov. Gretchen Whitmer targeted education and help for unemployed people in a $67.1-billion state budget unveiled Thursday that she said is aimed at ensuring the state recovers quickly from the economic shock of the coronavirus pandemic. Improving bridges, roads and other state infrastructure is also a major focus of the budget plan, which proposes no tax increases. In terms of priorities, Whitmer said her 2022 spending plan cannot be separated from a $5.6-billion supplemental spending plan for 2021 that she requested in January as a major coronavirus recovery package. It...

The new plan would exempt the first $1 million in loan proceeds from state taxes, a break that would apply to 99% of the Maine businesses that received PPP funds last year. But over 200 recipients, including some large employers, would still be taxed.

Largest bond bill ever proposed Gov. John Carney released his fiscal year 2022 budget Jan. 28. FILE PHOTO Melissa Steele January 29, 2021 Gov. John Carney unveiled a $4.7 billion budget Jan. 28 for fiscal year 2022, $70 million more than the 2021 budget but $125 million less than 2020's. “We were prepared when 2020 came and revenue dropped,” Carney said, touting his budget-smoothing process that creates a reserve in case of economic downturn. The 2022 operating budget increases 3.5 percent while putting aside $131 million in the Budget Stabilization Fund. About $60 million was u...

At a press conference Thursday Gov. Greg Gianforte presented his state budget for the coming biennium which includes $100 million in reduced