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Land for Maine’s Future staff report funds available but most are earmarked for projects
Summary
Land for Maine's Future staff told the board that while bank balances appear high, most funds are encumbered by earmarks and set‑asides; working farmland currently has no unencumbered dollars for new grants.
Land for Maine’s Future staff reported to the board on Aug. 28 that while the program’s bank balances total roughly $40 million plus accumulated interest, most of those funds are earmarked for existing projects and set‑asides, leaving limited cash available for new grants.
"Working farmland, we have no dollars available to spend at the moment," said Laura Graham, director of Land for Maine’s Future, noting that recent appraisal results and other adjustments make the C & R (conservation and recreation) number a bit "jumpy." Graham said the fund had received an infusion of $173,009.85 in interest but that earmarks and outstanding commitments reduce what is truly available to…
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