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February 20, 2009 - 09:30 pm
News Feed: Maine

Stimulus for state estimated at $900M

By Glenn Adams, The Associated Press, Bangor Daily News

View the original

AUGUSTA, Maine — Maine’s share of the federal economic stimulus package will be about $900 million, but the figure is preliminary, state Finance Commissioner Ryan Low told lawmakers Friday.

Low called the $900 million figure a “ballpark estimate” of Maine’s share of the $787 billion economic stimulus package as he addressed the Appropriations Committee. Low said the federal government has already determined how a large share of the funding will be used, with chunks allocated to areas such as tax cuts, added unemployment benefits and education.

“The vast majority of these funds are going for very specific purposes,” said the commissioner, who heads the Department of Administrative and Financial Services and serves as state coordinator for managing the stimulus money.

Related topics: Department of Administrative and Financial Services, Ryan Low, www.maine.gov, Low, Baldacci, John Baldacci, Augusta, National Governors Association, Appropriations Committee, Maine, Washington
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