Maine Fiscal Statistics

StatisNostics/State Financials/Maine

Historical State Finances

Maine

$12.00K$12.00K$10.00K$10.00K$8.00K$8.00K$6.00K$6.00K$4.00K$4.00K20122012201320132014201420152015201620162017201720182018201920192020202020212021
Spending Per Capita - Maine
Debt Per Capita - Maine
Revenue Per Capita - Maine

Filter Data by Year

20122021

Revenue Data

Air Transportation Charges

$250K$250K$200K$200K$150K$150K$100K$100K$50.00K$50.00K201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Revenue Analysis (Maine: 2012ā€“2021)

Population: 1,328,592 ā†’ 1,344,212 (1.2% change)

Overall Revenue Trends

Total Revenueā–² 46%
$8,345,044,000 (2012)ā†’$12,180,607,000 (2021)
Per Capita Revenueā–² 44.3%
$6,281 (2012)ā†’$9,062 (2021)
Fund Balancesā–² 36%
$6,233,597,000 (2012)ā†’$8,478,896,000 (2021)
Revenue Volatilityāœ“ Low
Avg. fluctuation: 5.0%

Major Tax Revenue

Property Taxā–² 16.4%
$38,360,000 (2012)ā†’$44,636,000 (2021)
Sales Taxā–² 79.4%
$1,064,342,000 (2012)ā†’$1,909,696,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Liquor Stores Revenueā–² 740521.9%
$32,000ā†’$236,999,000
Federal Intergovernmental Transit Utilitiesā–² 1290.6%
$1,192,000ā†’$16,576,000
Federal Intergovernmental Health & Hospitalsā–² 1087.3%
$59,238,000ā†’$703,320,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classifiedā–¼ 94.7%
$7,677,000ā†’$405,000
Regular Highway Chargesā–¼ 69.8%
$2,492,000ā†’$753,000
Federal Intergovernmental Air Transportationā–¼ 69.6%
$2,172,000ā†’$660,000

Revenue Forecast

Projected Revenue (Next Year)ā–² 12.5%
Estimated: $13,704,536,192
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare23.8%
Individual Income Tax17.0%
Total General Sales Taxes15.7%
Federal Intergovernmental Health & Hospitals5.8%
All Other Not Elsewhere Classified Charges3.1%
Federal Intergovernmental Education3.0%
Federal Intergovernmental Other2.5%
Corporation Net Income Tax2.3%
Federal Intergovernmental Highways2.3%
Higher Education Tuition Charges2.1%
Liquor Stores Revenue1.9%
Motor Fuels Sales Tax1.9%
Miscellaneous General Revenue Not Elsewhere Classified1.4%
Federal Intergovernmental Housing & Community Development1.3%
Other Selective Sales Taxes1.3%
Tobacco Sales Tax1.2%
Unemployment - Contribution1.1%
Interest Earnings1.1%
Occupation & Business License Not Elsewhere Classified1.1%
Toll Highway Charges1.0%
Motor Vehicle License1.0%
Insurance Premium Tax0.8%
Net Lottery Revenue0.8%
Federal Intergovernmental Employment Security Administration0.7%
Donations From Private Sources0.5%
Documentary & Stock Transfer Tax0.4%
Higher Education Auxiliary Charges0.4%
Property Tax0.4%
Amusement Tax0.4%
Hospital Charges0.3%
Rents0.3%
Death & Gift Tax0.3%
Federal Intergovernmental Other Natural Resources0.3%
Local Intergovernmental Highways0.3%
Fines & Forfeits0.3%
Natural Resources Not Elsewhere Classified Charges0.2%
Public Utilities Tax0.2%
Hunting & Fishing License0.2%
Alcoholic Beverage Sales Tax0.2%
Federal Intergovernmental Transit Utilities0.1%
Corporation License Tax0.1%
Motor Vehicle Operators License0.1%
Other License Tax0.1%
Federal Intergovernmental Sewerage0.1%
Federal Intergovernmental Water Utilities0.1%
Unemployment - Interest Revenue0.1%
Workers Compensation - Other Contributions0.1%
Housing & Community Development Charges0.1%
Alcoholic Beverage License Tax0.1%
Transit Utilities Revenue0.0%
Parks & Recreation Charges0.0%
Sale of Property0.0%
Parimutuels Tax0.0%
Regular Highway Charges0.0%
Federal Intergovernmental Air Transportation0.0%
Local Intergovernmental Other0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Amusement License Tax0.0%
Air Transportation Charges0.0%
Workers Compensation - Interest Earnings0.0%

Key Insights

  1. 1Total revenue increased by 46% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 1.2%, while per-capita revenue changed by 44.3%.
  3. 3The state's fund balances increased by 36%, suggesting improved fiscal health.

Expense Data

Air Transportation Construction

$3.0M$3.0M$2.5M$2.5M$2.0M$2.0M$1.5M$1.5M$1.0M$1.0M$500K$500K$0.00$0.00201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Expense Analysis (Maine: 2012 - 2021)

Total Expenditure Trends

Operating Expendituresā–² 20%
$3,761,427,000ā†’$4,521,786,000
Per Capita Spendingā–² 19%
$2,831ā†’$3,364

Population Trends

Population Changeā–² 1.2%
1,328,592 (2012)ā†’1,344,212 (2021)

Public Safety Expenses

Police Protectionā–² 28%
$0 (2012)ā†’$0 (2021)
Fire Protectionā–¼ 0%
$0 (2012)ā†’$0 (2021)

Infrastructure Expenses

Highways Maintenanceā–² 20%
$0 (2012)ā†’$0 (2021)
Sewerage Operationsā–¼ 100%
$0 (2012)ā†’$0 (2021)

Administrative Expenses

Financial Administrationā–² 52%
$0 (2012)ā†’$0 (2021)
General Expensesā–² 5%
$0 (2012)ā†’$0 (2021)

Debt Data

Beginning Long-Term Debt Outstanding - Non-Guaranteed Public Debt for Private Purpose

$3000.0M$3000.0M$2800.0M$2800.0M$2600.0M$2600.0M$2400.0M$2400.0M$2200.0M$2200.0M$2000.0M$2000.0M$1800.0M$1800.0M201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debtā–² 21%
$2,831,698,000 (2012)ā†’$3,436,953,000 (2021)
Industrial Revenue Debtā–¼ 21%
$2,773,908,000 (2012)ā†’$2,190,710,000 (2021)
Per Capita Debtā–² 20%
$2,131 (2012)ā†’$2,557 (2021)

Population Trends

Population Changeā–² 1.2%
1,328,592 (2012)ā†’1,344,212 (2021)
āš ļø Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2021)

Issued:$346,796,000
Retired:$177,150,000
Net Change:+$169,646,000

Debt Retirement Trend

$361,518,000 ā†’ $177,150,000ā–¼ 51%
šŸ”„ Significant change in retirement strategy detected

Key Insights

  1. 1The state's debt burden per resident grew substantially while population remained relatively flat.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.