Where Did All the Money Go? Alec Porteous on Maine’s Exploding Budget
Description
Alec Porteous has run the numbers. He’s been the CFO of Maine’s Department of Health and Human Services. He’s been the Commissioner of Administrative & Financial Services, the state’s top budget job. He’s been the Chief Operating Officer and Chief Business Officer at the University of Southern Maine.
And now? He’s sounding the alarm.
In this episode, we dig into Maine’s budget explosion and what Alec sees as the most under-discussed risk to our future.
We cover:
- Why Maine’s Medicaid budget is growing 21% a year and no one knows why
- How state spending ballooned 25% while population grew just 5%
- Why working Mainers are getting squeezed while newcomers think Maine is a steal
- The paradox of rising revenue and rising property taxes
- How to put real teeth into revenue sharing and municipal accountability
- What Alec would do with our $1.5 billion rainy day fund
- Why now might be the moment to experiment with bold tax cuts
- The truth behind Maine’s economic outlook and what’s needed to fix it
This isn’t about cutting for cutting’s sake. It’s about building a Maine that’s affordable, competitive, and resilient for the people who already live here and the ones who are trying to stay.
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