April 24, 2018
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Baldacci sees brighter times ahead

The Associated Press

AUGUSTA, Maine — Gov. John Baldacci says the 2010 legislative session ended on a positive note and he sees brighter times ahead.

In his weekly radio address, Baldacci says the session ended with a bond package that can put people to work and strengthen Maine’s economy.

He says state revenues are beginning to slowly recover, with March revenues above projections. A Portland business, Idexx, is expanding, and the Stinson sardine cannery in Prospect Harbor might reopen. Baldacci says the economy is still fragile, and it’s critical to make investments to prevent further decline.

In the Republican response, House Minority Leader Josh Tardy says the fiscal pain’s not over. With the end of the stimulus program and heavy investment losses in the pension fund, the next Legislature may need to cut another $1 billion or more. That’s about one-fifth of state spending.

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