AUGUSTA – A report released by the Maine Revenue Forecasting Committee predicts a good year for the state.
The report was released to the governor and members of the legislature on Friday showing a $34.2 million increase in general fund revenues. This is a 1 percent increase from last year, with increases from sales, individual income taxes, and corporate income taxes.
A statement released by the governor said reducing the tax burden on Mainers continues to prove itself as a good policy decision. He goes on to say this is precisely what makes the passing of Question 2 and Question 4 so frustrating.