Fox23: Maine Needs $1.6 Billion to Pay its Bills — $3,200 from Each Taxpayer

The state of Maine may end up having trouble paying off its bills without burdening taxpayers.

In a new report, the nonprofit group Truth in Accounting found that Maine would need $1.6 billion to get out of debt, or $3,200 from each taxpayer.

The TIA’s annual “Financial State of the States” report analyzed 2021 financial records and retirement plans from all 50 states. Maine was ranked No. 29 in terms of fiscal health and received a letter grade of “C.”

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