Live Video

Site Search

In this Story
Contact our Office

Maine Senate Republicans
3 State House Station
Augusta, Maine 04333


Phone: (207) 287-1505
Fax: (207) 287-1527

News Article

Date: 11/29/12

Fiscal cliff worries blamed for Maine revenue drop

Legislators wait to see if Gov. LePage will order spending cuts to deal with the $35 million shortfall.

AUGUSTA — Uncertainty over the potential for automatic federal spending cuts and rising tax rates is playing a significant role in declining revenues for Maine.

That was the message Thursday from the state's revenue forecasting committee to members of the Legislature's budget-writing committee.

Because of reduced revenue projections, lawmakers are waiting to learn whether Gov. Paul LePage will order state agencies to immediately curb spending to fill the $35 million gap created by the shortfall. . .

Please note: This item is excerpted from or linked to an external source and is copyright protected. The Maine Senate Republicans are not responsible for its content. By clicking on the link to this item, you will be taken to a site that is outside of our system.