State Revenue Situation Brightens Considerably

Maine’s nonpartisan Revenue Forecasting Committee is expected to forecast that the state will receive $461.9 million more revenue than forecast for the fiscal year that ends on June 30, 2021, beating not only estimates made during the COVID-19 pandemic but exceeding estimates made before the pandemic began. The Mills administration credits federal stimulus programs, careful state spending and resilient Maine businesses for the positive outlook.

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