Summary
Maine Governor Janet Mills proposed sending $300 checks to approximately 725,000 residents to help with rising living costs. The proposal targets individuals earning under certain income thresholds and would be funded by the state's Budget Stabilization Fund. The initiative is part of an effort to provide financial relief amid growing economic pressures.
Key Facts
- Maine Governor Janet Mills proposed $300 checks for residents to ease financial burdens.
- The proposal targets individuals making under $75,000, heads of households under $112,500, and married couples under $150,000.
- Approximately 725,000 people in Maine are estimated to be eligible for these checks.
- The proposal could cost around $218 million, funded by the state’s Budget Stabilization Fund.
- Maine’s Budget Stabilization Fund has over $1 billion, thanks to budget surpluses.
- Democrats hold a majority in Maine’s state legislature, which will need to approve the measure.
- Rising living costs in Maine have been driven by issues like tariffs and high home prices.
