Maine’s future economic success depends on having a well-skilled workforce able to tackle the challenges of the twenty-first century – and the means of developing that workforce is through the education of our children. Research indicates that investment in education is not only one of the best economic decisions a state can make, but that the earlier we direct resources at students, the more impact it has on … Read the rest
If it took a while for your internet service provider (ISP) to load this page onto your computer, you’re not alone. Maine has some of the slowest broadband connections in the nation.
High-speed internet is rapidly becoming a key driver of economic growth, nurturing high-tech jobs, allowing individuals to telecommute, and opening up new opportunities in health care and education. With Maine standing at, or near, the bottom … Read the rest
Conservative fiscal policies at the state and national level have been a key cause of the lackluster economic recovery following the Great Recession, according to a new report from the Economic Policy Institute (EPI). EPI’s findings are especially relevant for Maine; while EPI cites the post-2009 recovery as one of the longest on record, Maine’s recovery has been even slower. The U.S. economy recovered its pre-Recession employment levels … Read the rest
We all want a financially sound state government, but Governor LePage seems bent on undermining our public services in the name of fiscal integrity.
His most recent remarks bemoaning the unavailability of state surplus funds because of the so-called “cascade” follow his attempt this spring to move a $72 million surplus into the Budget Stabilization Fund. The governor’s statements are not only contrary to prudent budget management, … Read the rest
The Center on Budget and Policy Priorities (CBPP) released a report today that details a roadmap for stronger state economies. Central to the CBPP proven prescriptions for economic growth are strengthening education and infrastructure systems. To pay for these priorities, CBPP recommends policy corrections to reduce unnecessary spending and increase revenue from high income individuals and corporations.
Since the recession, budget cuts to the education system at every level have … Read the rest
Maine cuts to school funding since the start of the recession are among the largest in the nation, and the deepest in New England, according to a new study released today. The report by the non-partisan Center on Budget and Policy Priorities (CBPP), Most States Still Funding Schools Less than before the Recession, found that Maine has cut investment in K-12 education by 13.3 percent since 2008, a … Read the rest
History is happening: the percent of Americans without health coverage is the lowest it’s been since the 1990s. Medicare costs are declining – not just slowing – making the program more sustainable in the future. Maine’s 2015 marketplace premiums are either flat – or lower than last year. Health reform is working.
I happened across a time capsule this summer, and it brought home for me exactly how huge an … Read the rest
For months, we’ve written about Maine’s anemic economic recovery relative to the rest of the country. Today’s August jobs report does little to change that story. Maine has recovered just 63 percent of the jobs lost during the Great Recession and still ranks 43rd among all states and Washington, DC in its jobs recovery. By contrast, the US has recovered 110 percent of jobs lost in the recession and … Read the rest
Child poverty in Maine fell back to pre-recession levels in 2013, but income for the median household and the overall poverty rate saw no improvement, according to annual estimates released today by the US Census Bureau.
Maine has 548,000 households. Half of them have incomes above the median and half have incomes below. The Census Bureau estimates that income of the median household in Maine was $46,974 in 2013, … Read the rest
Next week the U.S. Census Bureau will have two major releases that will provide researchers, policymakers, the media, and the public with critically important data on poverty, income, and health insurance coverage nationally and state-by-state. On Tuesday (September 16) the bureau will unveil its Current Population Survey (CPS) and select information about health insurance coverage from its American Community Survey (ACS). On Thursday (September 18) the bureau will release … Read the rest