Maine budget panel gets dreary revenue estimates

Published



AUGUSTA, Maine (AP) — Concerns about how Congress will act to avoid the “fiscal cliff” were on the minds of Maine economic forecasters before anticipated revenues were revised downward, a state finance official told lawmakers on Thursday.

Michael Allen, associate commissioner for tax policy, also told the Appropriations Committee that Maine is not alone among the regional states whose tax incomes are being eaten away by the economy.

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