Gov. John Baldacci last week signed a supplemental budget bill to close a $310 million deficit in Maine’s two-year biennium. The measure relied mostly on spending cuts, including $48 million from K-12 and $8 million from higher education through fiscal 2011.
“Democrats and Republicans came together during one of the most difficult economic times since the Great Depression,” Baldacci said in a press release. “State government will be smaller, we have made important structural changes that will reduce the cost of government going forward, and we will begin rebuilding our reserves.”