Maine Fiscal Statistics

StatisNostics/State Financials/Maine

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20122024

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State Revenue Analysis (Maine: 2012–2024)

Population: 1,328,592 → 1,385,340 (4.3% change)

Overall Revenue Trends

Total Revenue▲ 66.3%

$8,345,044,000 (2012)→$13,879,542,000 (2024)

Per Capita Revenue▲ 59.5%

$6,281 (2012)→$10,019 (2024)

Fund Balances▼ 100%

$6,233,597,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 4.9%

Major Tax Revenue

Property Tax▲ 4.3%

$38,360,000 (2012)→$39,993,000 (2024)

Sales Tax▲ 121%

$1,064,342,000 (2012)→$2,352,375,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Liquor Stores Revenue▲ 808800.0%

$32,000→$258,848,000

Workers Compensation - Interest Earnings▲ 2794.4%

$18,000→$521,000

Fines & Forfeits▲ 303.1%

$20,488,000→$82,585,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 97.6%

$7,677,000→$181,000

Regular Highway Charges▼ 88.6%

$2,492,000→$283,000

Federal Intergovernmental Housing & Community Development▼ 72.8%

$128,776,000→$35,053,000

Revenue Forecast

Projected Revenue (Next Year)▲ 0.6%

Estimated: $13,963,921,140

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare23.1%

Individual Income Tax17.3%

Total General Sales Taxes12.8%

All Other Not Elsewhere Classified Charges4.3%

Federal Intergovernmental Education3.6%

Motor Fuels Sales Tax2.9%

Higher Education Tuition Charges2.8%

Corporation Net Income Tax2.8%

Federal Intergovernmental Highways2.7%

Interest Earnings2.4%

Unemployment - Contribution2.1%

Tobacco Sales Tax1.7%

Donations From Private Sources1.6%

Federal Intergovernmental Housing & Community Development1.5%

Other Selective Sales Taxes1.4%

Toll Highway Charges1.3%

Hospital Charges1.3%

Federal Intergovernmental Other1.3%

Insurance Premium Tax1.3%

Occupation & Business License Not Elsewhere Classified1.3%

Motor Vehicle License1.2%

Higher Education Auxiliary Charges1.1%

Net Lottery Revenue0.8%

Miscellaneous General Revenue Not Elsewhere Classified0.8%

Federal Intergovernmental Employment Security Administration0.8%

Federal Intergovernmental Health & Hospitals0.7%

Death & Gift Tax0.5%

Federal Intergovernmental Other Natural Resources0.5%

Rents0.5%

Property Tax0.5%

Amusement Tax0.3%

Public Utilities Tax0.3%

Fines & Forfeits0.2%

Documentary & Stock Transfer Tax0.2%

Alcoholic Beverage Sales Tax0.2%

Hunting & Fishing License0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Federal Intergovernmental Sewerage0.1%

Workers Compensation - Other Contributions0.1%

Motor Vehicle Operators License0.1%

Housing & Community Development Charges0.1%

Federal Intergovernmental Water Utilities0.1%

Corporation License Tax0.1%

Other License Tax0.1%

Unemployment - Interest Revenue0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Local Intergovernmental Highways0.1%

Alcoholic Beverage License Tax0.1%

Regular Highway Charges0.0%

Parimutuels Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Sale of Property0.0%

Parks & Recreation Charges0.0%

Federal Intergovernmental Transit Utilities0.0%

Amusement License Tax0.0%

Air Transportation Charges0.0%

Liquor Stores Revenue0.0%

Workers Compensation - Interest Earnings0.0%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare26.2%

Individual Income Tax17.3%

Total General Sales Taxes16.9%

Federal Intergovernmental Education3.5%

Corporation Net Income Tax3.3%

All Other Not Elsewhere Classified Charges3.2%

Federal Intergovernmental Highways2.6%

Higher Education Tuition Charges2.0%

Liquor Stores Revenue1.9%

Motor Fuels Sales Tax1.8%

Federal Intergovernmental Health & Hospitals1.7%

Interest Earnings1.6%

Federal Intergovernmental Other1.5%

Other Selective Sales Taxes1.5%

Toll Highway Charges1.3%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Insurance Premium Tax1.0%

Unemployment - Contribution1.0%

Occupation & Business License Not Elsewhere Classified1.0%

Tobacco Sales Tax0.9%

Motor Vehicle License0.9%

Net Lottery Revenue0.8%

Higher Education Auxiliary Charges0.6%

Fines & Forfeits0.6%

Donations From Private Sources0.6%

Amusement Tax0.5%

Federal Intergovernmental Other Natural Resources0.4%

Federal Intergovernmental Employment Security Administration0.4%

Rents0.4%

Documentary & Stock Transfer Tax0.4%

Hospital Charges0.3%

Property Tax0.3%

Federal Intergovernmental Housing & Community Development0.3%

Death & Gift Tax0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Federal Intergovernmental Sewerage0.2%

Public Utilities Tax0.2%

Hunting & Fishing License0.2%

Local Intergovernmental Highways0.2%

Alcoholic Beverage Sales Tax0.1%

Unemployment - Interest Revenue0.1%

Other License Tax0.1%

Housing & Community Development Charges0.1%

Corporation License Tax0.1%

Transit Utilities Revenue0.1%

Workers Compensation - Other Contributions0.1%

Motor Vehicle Operators License0.1%

Alcoholic Beverage License Tax0.1%

Local Intergovernmental Other0.0%

Parks & Recreation Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Sale of Property0.0%

Amusement License Tax0.0%

Workers Compensation - Interest Earnings0.0%

Regular Highway Charges0.0%

Air Transportation Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Local Intergovernmental Health & Hospitals0.0%

Key Insights

1Total revenue increased by 66.3% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 4.3%, while per-capita revenue changed by 59.5%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
4Revenue has been relatively stable (avg. fluctuation ~4.9%).

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State Expense Analysis (Maine: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 171%

$3,761,427,000→$10,184,626,000

Per Capita Spending▲ 160%

$2,831→$7,352

Population Trends

Population Change▲ 4.3%

1,328,592 (2012)→1,385,340 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 79%

$73,313,000 (2012)→$131,073,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 55%

$231,581,000 (2012)→$358,576,000 (2024)

Sewerage Operations▼ 100%

$8,000 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 44%

$219,967,000 (2012)→$316,641,000 (2024)

General Expenses▲ 52%

$306,549,000 (2012)→$465,875,000 (2024)

Maine Key Insights

1Per capita expenditures grew by 160%, indicating substantial service expansion or cost increases not explained by population growth alone
2Police Protection was the fastest growing major expense category at 79% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 87%

$2,831,698,000 (2012)→$5,302,748,000 (2024)

Industrial Revenue Debt▼ 100%

$2,773,908,000 (2012)→$0 (2024)

Per Capita Debt▲ 80%

$2,131 (2012)→$3,828 (2024)

Population Trends

Population Change▲ 4.3%

1,328,592 (2012)→1,385,340 (2024)

Debt Management

Most Recent Year (2024)

Issued:$707,612,000

Retired:$218,148,000

Net Change:+$489,464,000

Debt Retirement Trend

$361,518,000 → $218,148,000▼ 40%

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2New debt issuance significantly increased the per-resident debt burden (up 80%).