In fiscal 2011, Maine had one of the nation’s largest budget shortfalls, equal to nearly 35% of its budget. The state is still slashing programs, including Medicaid, which accounted for the majority of the cuts in May’s budget-balancing bill. Maine’s residents do not earn as much as residents of other New England states. The state’s median household income was just $46,000, more than $15,000 below Massachusetts and Connecticut. Maine’s economic output has also lagged recently, with GDP contracting by 0.4% — a bigger decline than all but five states.