Maine Increases Revenue Projections by $250 Million over Next 2 Years

Maine expected to take in $250M more than initially thought over next two years • Maine Morning Star

The Maine State House in Augusta. (Jim Neuger/Maine Morning Star)Maine is expected to take in nearly $250 million more over the next two years than previously thought, according to an updated estimate from the state’s Revenue Forecasting Committee. The nonpartisan committee announced the updated projections for the state’s general fund after meeting on Monday and credited the forecast to expected increases in sales and income tax revenue, as wel…

Maine increases revenue projections by $250 million over next 2 years

Billy Bob Faulkingham, the Republican leader of the House, says the new forecast are the result of 'higher taxes and bloated government.'

Maine increases revenue projections by $250M over next 2 years

The strong revenue forecast will lay the groundwork for another, election-year budget battle when lawmakers return to Augusta in January.