Ryan Budget Would Cost Maine $150 Million in Lost Federal Revenues in 2014, More than $1.3 Billion over 8 Years

Cuts to infrastructure, education, worker training and other economic development programs will stall job creation and economic growth efforts

August 9th, 2012 · Filed under: Editorials, News from Washington · No Comments

A new report from the non-partisan Center on Budget and Policy Priorities finds that the federal budget proposed by Budget Committee Chairman Paul Ryan and passed by the U.S. House of Representatives would cost Maine $150 million in federal funds in 2014 and more than $1.3 billion over the next eight years. Under the Ryan plan, Maine would lose an estimated 22% in federal funding for transportation, education, job training, and other state and local services in 2014 alone.

“Combined with the deep state budget cuts proposed by Governor LePage and passed by the 125th Maine Legislature, these funding priorities will cripple our efforts to create jobs and fuel economic recovery,” said Garrett Martin, Executive Director of the Maine Center for Economic Policy (MECEP). “Maine’s economy continues to lag behind the rest of New England and job creation in Maine is near the bottom of all 50 states. We need leaders in Washington and Augusta who will invest in infrastructure, education, job training, and other proven means to grow our economy and put Mainers back to work.”

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