Tag Archives: revenue

Impression that Maine’s summer tourist season was good, backed by revenue report | The Portland Press Herald / Maine Sunday Telegram

Impression that Maine’s summer tourist season was good, backed by revenue report | The Portland Press Herald / Maine Sunday Telegram.

Maine revenues nearly meet budget | The Portland Press Herald / Maine Sunday Telegram

Maine revenues nearly meet budget | The Portland Press Herald / Maine Sunday Telegram.

Portland city manager releases $196M budget proposal | The Portland Press Herald / Maine Sunday Telegram

City manager releases $196M budget proposal | The Portland Press Herald / Maine Sunday Telegram.

Baldacci signs budget to close $310M gap | Bangor Daily News

Baldacci signs budget to close $310M gap – Bangor Daily News.

Legislative budget panel making final adjustments | The Portland Press Herald / Maine Sunday Telegram

Legislative budget panel making final adjustments | The Portland Press Herald / Maine Sunday Telegram.

Maine’s Baldacci plan eases budget cuts | Kennebec Journal

Despite increased revenues,

next year will still see reductions

AUGUSTA – Gov. John Baldacci proposed to alleviate some of the deepest cuts in the state budget Wednesday by providing additional funds to support human services and education.

A revised state revenue forecast that projects a $51 million increase in receipts this fiscal year and next, and additional federal money, combined to give the governor and the Legislature $78.7 million of breathing room.

“Despite today’s good news, we know that our economy is fragile and recovery is far from certain,” Baldacci said during a news conference in his office.

Baldacci continued to characterize state spending as frugal, saying the current two-year budget will be $5.6 billion – a modest increase from his first budget, seven years ago, that was $5.4 billion.

Even with the increased revenue, state lawmakers face a $360 million shortfall.

Click on the link for the rest of today’s story by Susan Cover in the Kennebec Journal.