Maine Ordinance Adopting the Budget
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How to fill out Ordinance Adopting The Budget?
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FAQ
Each fiscal year of the biennium encompasses the period July 1 through June 30. Appropriations and allocations are provided for each fiscal year of the biennium. The biennial budget for each ensuing biennium is presented and acted upon by the first regular session of the Legislature.
An additional budget that provides more money to certain items listed in the final budget.
Maine Governor Janet Mills signed the state's current services budget for fiscal 2024-2025 into law on March 31 to ensure continued operations of state government, providing for $9.8 billion in general fund spending.
The first step of the budget preparation process is identifying budget objectives and operating budget requests. The chief executive or local government CEO (e.g., city manager, town manager, county manager) drafts a recommended budget through their budget office.
Ing to the non-partisan Revenue Forecasting Committee, the current biennial surplus will be up about $265 million through June of 2025. It will keep going, projected to go up another $257 million in the two years after that, through 2027.
Maine is famous for producing 90% of the nation's lobster supply, but Maine's coasts and waters support much more than lobstermen. In addition to groundfish, crab, clam, and other wild fisheries, Maine is home to a growing aquaculture industry.
Although California has utilized concepts such as Zero-Based Budgeting, Management by Objectives, and Total Quality Management, the basic approach utilized is incremental budgeting. This approach essentially uses the current departmental level of funding as a base amount to be adjusted by change proposals.
The State of Maine uses a biennial budget in which the budget is presented by the Governor and acted upon by the Legislature for two fiscal year periods beginning in even numbered years. Each fiscal year of the biennium encompasses the period July 1 through June 30.