[img_assist|nid=2025|title=Gov. John Baldacci|desc=|link=none|align=right|width=180|height=183]Granted, it’s little. Given all the budget woes the state went through this year, however, a small budget surplus was something for Gov. John Baldacci to brag about Monday.

According to a release from Baldacci’s office, the state finished the 2008 fiscal year with a General Fund surplus of $56 million, and a Highway Fund surplus of $2.5 million.

Of the General Fund surplus, $47.4 million was surplus revenue, $7.1 million resulted from lapsed account balances, and $1.5 million came from other adjustments.

“The year-end surplus is the result of a disciplined budget approach,” Governor John E. Baldacci said. “Maine faced a grim economic picture earlier this year that required the State to make many difficult decisions. That hard work has allowed us to finish the year in a good position. Unfortunately, high energy prices and a still-struggling national economy could further erode revenues in the next fiscal year.”