© 2024 Maine Public | Registered 501(c)(3) EIN: 22-3171529
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Scroll down to see all available streams.

LePage: Fiscal Responsibility Leads to $1B Cash Pool

AUGUSTA, Maine - Maine Gov. Paul LePage says "tough management'' has produced a $1 billion cash pool and that he favors repealing former President Barack Obama's health care law and letting states craft their own solutions.
 
The Republican governor spoke on the Fox News program "Fox & Friends'' Monday after President Donald Trump hosted the nation's governors the night before.
 
LePage said he wants to get rid of "Obamacare'' and replace it with block grants so states can design programs to meet their specific needs.
 
He said he created a $1 billion cash pool by running state government like a business and being careful about spending. He joked, "You know, I don't like to spend a lot.''
 
He noted he "shared a few words'' with Trump. He smiled and didn't elaborate.

Correction: An earlier version of this story requires correction. Maine has $1 billion in its cash pool, not rainy day fund, as reported by AP. According to the Bangor Daily News, the cash pool "is made up of all the revenues that the state receives."