"Capitol Update" piece on state revenues that were up $2.5 million in November b

Authors

Mal Leary

Source

Mainebiz

Date

1-9-2012

Pages

16

Abstract

"Capitol Update" piece on state revenues that were up $2.5 million in November but still $4.2 million below estimates for the first four months of the budget year. Finance Commissioner Sawin Millett says that December numbers will increase the shortfall by $10 million and places some of the blame on the slow economic recovery and sales tax revenue this budget year that is only up 2.3%. Revenue from penalties and taxes continues to fall short of projections for the year and is currently 19.7% below estimates.

Recommended Citation

Leary, Mal, ""Capitol Update" piece on state revenues that were up $2.5 million in November b" (2012). Maine News Index – MaineBiz. 5636.
https://digitalcommons.portlandlibrary.com/news_mainebiz/5636