Maine is dealing with a projected $95.2 million shortfall in the state budget -
Maine is dealing with a projected $95.2 million shortfall in the state budget - $37.8 million this fiscal year and $57.4 million next year. Mike Allen, director of research for Maine Revenue Services, says at least half of the current projected shortfall - mainly the tax revenue streams - is tied to a jittery national economy. Governor John Baldacci ordered that more than $37 million be immediately trimmed from 27 state departments. But some fear the cuts to the Department of Health and Human Services will hurt children, the mentally ill and the elderly. With comments by Christopher St. John, executive director of the Maine Center for Economic Policy; Laurie Lachance, president of the Maine Development Foundation; and Marc Cyr, principal analyst for the Office of Fiscal and Program Review and a member of the Revenue Forecasting Committee. With a graph showing revisions to Maine's budget from 1990 - 2007.
Budget Maine, Maine Revenue Services, Department of Health and Human Services
Goldfine, Rebecca, "Maine is dealing with a projected $95.2 million shortfall in the state budget -" (2008). Maine News Index – MaineBiz. 4441.