Some bad weather may be on the way, but the economic forecast is looking better for the State of Maine.
The Maine Revenue Forecasting Committtee submitted its economic forecast to the Governor and Maine Legislature.
It projects an increase in revenues by $45.5 million dollars in the current fiscal year and $65.5 million over the course of the next bienium.
Governor Lepage released a statement saying “Reducing the tax burden on Mainers was a good, meaningful policy decision in 2011, and the State is seeing an uptick in income tax revenue as a result. Policies that reduce state spending, remove red tape and allow businesses to invest and create jobs are what we need to move Maine’s economy forward.