"Capitol Update" piece on state tax revenues, noting that corporate income taxes
"Capitol Update" piece on state tax revenues, noting that corporate income taxes continue below estimates, causing a delay in the re-projection of estimated state revenues. Jerome Gerard, chairman of the Maine Revenue Forecasting Committee, said that corporate receipts were down $15 million in December, 38 percent below estimates. Mike Allen, research director of Maine Revenue Services, cannot explain why revenues are off from estimates, adding that only one other state saw a decrease. Gov. John Baldacci said he will adjust the budget if corporate revenues do not bounce back.
Taxation, Maine Revenue Services
Leary, Mal, ""Capitol Update" piece on state tax revenues, noting that corporate income taxes" (2007). Maine News Index – MaineBiz. 4056.
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