Maine Fiscal Statistics

StatisNostics/State Financials/Maine

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20122023

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State Revenue Analysis (Maine: 2012–2023)

Population: 1,328,592 → 1,372,247 (3.3% change)

Overall Revenue Trends

Total Revenue▲ 65.2%

$8,345,044,000 (2012)→$13,789,509,000 (2023)

Per Capita Revenue▲ 60%

$6,281 (2012)→$10,049 (2023)

Fund Balances▼ 100%

$6,233,597,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 5.3%

Major Tax Revenue

Property Tax▲ 14.5%

$38,360,000 (2012)→$43,924,000 (2023)

Sales Tax▲ 112.7%

$1,064,342,000 (2012)→$2,263,595,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Liquor Stores Revenue▲ 757078.1%

$32,000→$242,297,000

Workers Compensation - Interest Earnings▲ 1494.4%

$18,000→$287,000

Local Intergovernmental Highways▲ 373.4%

$7,111,000→$33,664,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 97.2%

$7,677,000→$217,000

Regular Highway Charges▼ 94.1%

$2,492,000→$147,000

Hospital Charges▼ 69.1%

$109,677,000→$33,882,000

Revenue Forecast

Projected Revenue (Next Year)▲ 6.6%

Estimated: $14,695,336,656

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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare26.1%

Individual Income Tax18.0%

Total General Sales Taxes16.4%

Federal Intergovernmental Education3.7%

Corporation Net Income Tax3.3%

All Other Not Elsewhere Classified Charges2.8%

Federal Intergovernmental Highways2.4%

Federal Intergovernmental Housing & Community Development2.0%

Higher Education Tuition Charges1.9%

Federal Intergovernmental Other1.8%

Motor Fuels Sales Tax1.8%

Liquor Stores Revenue1.8%

Federal Intergovernmental Health & Hospitals1.7%

Interest Earnings1.3%

Toll Highway Charges1.3%

Other Selective Sales Taxes1.2%

Unemployment - Contribution1.2%

Miscellaneous General Revenue Not Elsewhere Classified1.1%

Tobacco Sales Tax1.0%

Insurance Premium Tax1.0%

Motor Vehicle License0.9%

Occupation & Business License Not Elsewhere Classified0.9%

Net Lottery Revenue0.7%

Higher Education Auxiliary Charges0.6%

Amusement Tax0.5%

Donations From Private Sources0.5%

Federal Intergovernmental Other Natural Resources0.4%

Documentary & Stock Transfer Tax0.4%

Rents0.3%

Property Tax0.3%

Federal Intergovernmental Employment Security Administration0.3%

Fines & Forfeits0.3%

Hospital Charges0.2%

Local Intergovernmental Highways0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Death & Gift Tax0.2%

Federal Intergovernmental Sewerage0.2%

Public Utilities Tax0.2%

Alcoholic Beverage Sales Tax0.1%

Hunting & Fishing License0.1%

Corporation License Tax0.1%

Workers Compensation - Other Contributions0.1%

Motor Vehicle Operators License0.1%

Housing & Community Development Charges0.1%

Other License Tax0.1%

Transit Utilities Revenue0.1%

Unemployment - Interest Revenue0.1%

Alcoholic Beverage License Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Other0.0%

Parks & Recreation Charges0.0%

Amusement License Tax0.0%

Air Transportation Charges0.0%

Workers Compensation - Interest Earnings0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Regular Highway Charges0.0%

Local Intergovernmental Health & Hospitals0.0%

Key Insights

1Total revenue increased by 65.2% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 3.3%, while per-capita revenue changed by 60.0%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Maine: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 171%

$3,761,427,000→$10,182,381,000

Per Capita Spending▲ 162%

$2,831→$7,420

Population Trends

Population Change▲ 3.3%

1,328,592 (2012)→1,372,247 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 55%

$73,313,000 (2012)→$113,499,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 49%

$231,581,000 (2012)→$344,103,000 (2023)

Sewerage Operations▼ 100%

$8,000 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 19%

$219,967,000 (2012)→$261,680,000 (2023)

General Expenses▲ 140%

$306,549,000 (2012)→$736,671,000 (2023)

Maine Key Insights

1Per capita expenditures grew by 162%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 140%, which may indicate classification changes, new initiatives, or reporting adjustments

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 77%

$2,831,698,000 (2012)→$5,023,434,000 (2023)

Industrial Revenue Debt▼ 100%

$2,773,908,000 (2012)→$0 (2023)

Per Capita Debt▲ 72%

$2,131 (2012)→$3,661 (2023)

Population Trends

Population Change▲ 3.3%

1,328,592 (2012)→1,372,247 (2023)

Debt Management

Most Recent Year (2023)

Issued:$918,741,000

Retired:$780,148,000

Net Change:+$138,593,000

Debt Retirement Trend

$361,518,000 → $780,148,000▲ 116%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 72%).