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LePage Wants Leftover Money to Go to Rainy Day Fund

| March 7, 2014


AUGUSTA, Maine (AP) – Maine Gov. Paul LePage wants to use leftover money for Maine schools and savings in the retiree health insurance program to put $21 million back into the state’s rainy day fund, which is being used to fund revenue sharing.
The proposal LePage officials laid out on Friday would take $11.4 million in savings from reduced rates for retiree health insurance. They say retiree benefits won’t be impacted.

The measure would also take about $10 million that wasn’t spent in the Department of Education budget during fiscal year 2012-2013.

LePage has said he won’t sell bonds until there’s at least $60 million in the rainy day fund.

Democrats continue to attack LePage for not releasing the bonds, saying he’s delaying critical investments for the state.

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