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Appropriations Committee OKs LePage Rainy Day Fund Bill

| March 19, 2014

 

Maine State House, Augusta

AUGUSTA, Maine (AP) – Maine’s budget panel has endorsed Gov. Paul LePage’s original proposal return $21 million to the state’s rainy day fund, which was tapped to fund revenue sharing.

The Appropriations Committee unanimously approved the governor’s measure early Wednesday, in addition to a spending plan to fill a budget hole this fiscal year.

Republican lawmakers and LePage’s administration criticized Democrats for initially adding roughly $18 million for things like Head Start to the governor’s bill. LePage officials said Democrats are “addicted to spending.”

The initiatives that Democrats wanted funded will move forward in a separate bill.

LePage says he won’t release voter approved bonds until there’s at least $60 million in the rainy day fund because it would be financially irresponsible. Democrats say LePage is stalling important projects and hurting the state’s economy.

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