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Governor Mills, Treasurer Beck Announce Moody's and S&P Affirm Maine's Strong Credit Rating

Governor Janet Mills and State Treasurer Henry Beck announced today that Moody’s Investors Service and S&P Global Ratings, global companies that analyze and issue reports of credit worthiness, have affirmed their strong credit ratings and stable outlooks on the State of Maine’s general obligation debt. Moody’s affirmed both their Aa2 rating and stable outlook while S&P affirmed their AA rating and stable outlook. ....

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Mills introduces plan for $1 billion investment in families, businesses, communities, infrastructure

AUGUSTA The Mills Administration introduced legislation Friday to implement the Maine Jobs & Recovery Plan, a nearly $1 billion proposal to spur Maine’s economic recovery from the pandemic, invest in long-term economic growth, and build and. ....

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Maine rides optimism into $99 million general obligation bond sale

Maine rides optimism into $99 million general obligation bond sale
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Moody's and S&P affirm Maine's strong credit rating despite pandemic

Tue, 05/25/2021 - 11:45am
AUGUSTA Governor Janet Mills and State Treasurer Henry Beck announced Monday that Moody’s Investors Service and S&P Global Ratings, global companies that analyze and issue reports of credit worthiness, have affirmed Maine’s strong credit ratings and stable outlooks on the State of Maine’s general obligation debt.
Moody’s affirmed both their Aa2 rating and stable outlook while S&P affirmed their AA rating and stable outlook.
In its affirmation, S&P praised Maine’s “active budget management” and the State’s “steady progress in strengthening its reserve profile” while noting that the State’s cash pool is “very good.” ....

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Governor unveils budget proposal with investment in schools, achieving 55% of education costs for first time

AUGUSTA Governor Janet Mills unveiled Wednesday her Administration’s Part 2 budget for the Fiscal Year (FY) 2022-2023 biennium, a proposal that makes a historic investment in Maine public schools and meets the State’s obligation to pay 55 percent of the cost of K-12 education for the first time in Maine’s history.
If approved by the Legislature, the achievement would come more than 15 years after Maine voters first passed a referendum directing State government to pay 55 percent of local school costs.
The Governor’s proposal would not only finally meet the State’s obligation for the first time ever, but would also increase desperately-needed resources for cash-strapped schools and hold down local property taxes, according to a news release. ....

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