Maine Fiscal Statistics

StatisNostics/State Financials/Maine

Generating Chart...

Filter Data by Year

20122022

Generating Chart...

State Revenue Analysis (Maine: 2012–2022)

Population: 1,328,592 → 1,350,141 (1.6% change)

Overall Revenue Trends

Total Revenue▲ 64.3%

$8,345,044,000 (2012)→$13,712,313,000 (2022)

Per Capita Revenue▲ 61.7%

$6,281 (2012)→$10,156 (2022)

Fund Balances▼ 100%

$6,233,597,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 5.8%

Major Tax Revenue

Property Tax▲ 17.4%

$38,360,000 (2012)→$45,023,000 (2022)

Sales Tax▲ 104%

$1,064,342,000 (2012)→$2,171,258,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Liquor Stores Revenue▲ 771671.9%

$32,000→$246,967,000

Federal Intergovernmental Health & Hospitals▲ 1254.9%

$59,238,000→$802,618,000

Local Intergovernmental Highways▲ 493.2%

$7,111,000→$42,186,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 96.9%

$7,677,000→$236,000

Regular Highway Charges▼ 91.2%

$2,492,000→$219,000

Hospital Charges▼ 62.8%

$109,677,000→$40,774,000

Revenue Forecast

Projected Revenue (Next Year)▲ 9.6%

Estimated: $15,035,211,330

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%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare24.5%

Individual Income Tax18.9%

Total General Sales Taxes15.8%

Federal Intergovernmental Health & Hospitals5.9%

Federal Intergovernmental Education3.6%

Corporation Net Income Tax3.0%

All Other Not Elsewhere Classified Charges2.8%

Federal Intergovernmental Highways2.2%

Higher Education Tuition Charges1.9%

Liquor Stores Revenue1.8%

Motor Fuels Sales Tax1.8%

Federal Intergovernmental Housing & Community Development1.3%

Other Selective Sales Taxes1.2%

Federal Intergovernmental Other1.2%

Unemployment - Contribution1.1%

Toll Highway Charges1.1%

Tobacco Sales Tax1.0%

Insurance Premium Tax1.0%

Occupation & Business License Not Elsewhere Classified0.9%

Motor Vehicle License0.9%

Interest Earnings0.9%

Net Lottery Revenue0.7%

Higher Education Auxiliary Charges0.6%

Miscellaneous General Revenue Not Elsewhere Classified0.5%

Amusement Tax0.5%

Documentary & Stock Transfer Tax0.5%

Federal Intergovernmental Employment Security Administration0.4%

Donations From Private Sources0.4%

Rents0.3%

Federal Intergovernmental Other Natural Resources0.3%

Property Tax0.3%

Local Intergovernmental Highways0.3%

Hospital Charges0.3%

Death & Gift Tax0.2%

Fines & Forfeits0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Public Utilities Tax0.2%

Hunting & Fishing License0.1%

Alcoholic Beverage Sales Tax0.1%

Workers Compensation - Other Contributions0.1%

Motor Vehicle Operators License0.1%

Other License Tax0.1%

Corporation License Tax0.1%

Housing & Community Development Charges0.1%

Federal Intergovernmental Sewerage0.1%

Transit Utilities Revenue0.1%

Unemployment - Interest Revenue0.1%

Alcoholic Beverage License Tax0.1%

Sale of Property0.0%

Parimutuels Tax0.0%

Parks & Recreation Charges0.0%

Local Intergovernmental Other0.0%

Amusement License Tax0.0%

Air Transportation Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Regular Highway Charges0.0%

Workers Compensation - Interest Earnings0.0%

Local Intergovernmental Health & Hospitals0.0%

Key Insights

1Total revenue increased by 64.3% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 1.6%, while per-capita revenue changed by 61.7%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

Generating Chart...

State Expense Analysis (Maine: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 154%

$3,761,427,000→$9,546,632,000

Per Capita Spending▲ 150%

$2,831→$7,071

Population Trends

Population Change▲ 1.6%

1,328,592 (2012)→1,350,141 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 52%

$73,313,000 (2012)→$111,267,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 39%

$231,581,000 (2012)→$322,431,000 (2022)

Sewerage Operations▼ 100%

$8,000 (2012)→$0 (2022)

Administrative Expenses

Financial Administration▲ 22%

$219,967,000 (2012)→$269,074,000 (2022)

General Expenses▲ 252%

$306,549,000 (2012)→$1,080,052,000 (2022)

Maine Key Insights

1Per capita expenditures grew by 150%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 252%, which may indicate classification changes, new initiatives, or reporting adjustments

Generating Chart...

State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 38%

$2,831,698,000 (2012)→$3,899,628,000 (2022)

Industrial Revenue Debt▼ 100%

$2,773,908,000 (2012)→$0 (2022)

Per Capita Debt▲ 36%

$2,131 (2012)→$2,888 (2022)

Population Trends

Population Change▲ 1.6%

1,328,592 (2012)→1,350,141 (2022)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2022)

Issued:$235,259,000

Retired:$285,380,000

Net Change:$-50,121,000

Debt Retirement Trend

$361,518,000 → $285,380,000▼ 21%

Key Insights

1The state's debt burden per resident grew substantially while population remained relatively flat.