The stronger-than-expected revenue forecast – including a $139 million surplus in this fiscal year – is driven primarily by consumer spending, sales tax growth and income tax returns.
The stronger-than-expected revenue forecast – including a $139 million surplus in this fiscal year – is driven primarily by consumer spending, sales tax growth and income tax returns.
Higher prices and higher wages have led to more sales and income taxes being collected by the state, reigniting the debate over whether to cut taxes or invest in state programs.
Gov. Janet Mills said in a statement that an additional $282 million in projected revenue this year would help create an 'emergency winter energy relief program' to help struggling Mainers.
Gov. Janet Mills said in a statement that an additional $283 million in projected revenue this year would help create an 'emergency winter energy relief program' to help struggling Mainers.