This year’s campaign cycle has reached $23 million, a record for the state’s gubernatorial race. About 90 percent and 40 percent of incumbent Janet Mills’ and Paul LePage’s spending, respectively, have gone to out-of-state vendors.
The voter-approved Maine Technology Asset Fund awarded private companies with grants to help create new jobs and boost the state’s economy. But after five years, it’s unclear how impactful the investments have actually been.
The federal Inflation Reduction Act includes a provision that would update the tax credit regulations for new electric vehicles to decrease or eliminate foreign-made parts in cars, which could possibly make EVs more expensive.
A study of housing underproduction found that the state was short by approximately 9,000 units, 8,000 of which are in the Portland metropolitan area, the state’s largest city. The state ranks in the middle of other New England states’ deficits.
The state has recovered nearly all jobs lost early during the COVID-19 pandemic, but there has been a distinct change in the job landscape, which has caused near record-high job openings across Maine.
A new law requires the state’s pension system to divest from fossil fuel companies, but making that happen while considering a constitutional requirement to pension members will complicate the process.