AUGUSTA, Maine — Maine’s finance chief says the state’s share of the federal economic stimulus package will be about $900 million, but the figure is preliminary.
Finance Commissioner Ryan Low called the $900 million figure a “ballpark estimate” as he addressed the Legislature’s Appropriations Committee on Friday.
He said the federal government has already determined how a big share of the funding will be used, but the state is still awaiting details of how the money is to be allocated.
The commissioner also advised lawmakers not to look at the stimulus money as a fix-all for the state’s budget, which faces an $838 million shortfall.
The Legislature on Thursday passed a bill requiring legislative review of all energy-related expenditures included in the stimulus act.