AUGUSTA, Maine — Better-than-expected Maine tax revenue numbers led a state panel to lower its key budget shortfall projection by hundreds of millions of dollars this week, but the situation is still dire as lawmakers prepare to negotiate a new spending roadmap.Revenue has outperformed dire projections from earlier in the coronavirus pandemic, though the trajectory of the virus and the scope of any new federal aid package could change Maine’s budget picture in the coming months and determine the depth of spending cuts or new sources of funding policymakers will turn to when they come back to Augusta in early 2021. The Maine Revenue Forecasting Committee revised its revenue predictions upward by $764 million this week after issuing a dismal July projection of a staggering $1.4 billion shortfall over three budget years.

Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING SEARCH:
  • Technology and Science News
    Mutations to the virus that causes COVID-19 are rapidly popping up and health officials say the pandemic could get worse unless people do more to curb cases. January 19. January 19.
    01/22/2021 - 11:02 am | View Website
  • COVID-19 pandemic in Singapore
    The COVID-19 pandemic in Singapore is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).The first case in Singapore was confirmed on 23 January 2020. Early cases were primarily imported until local transmission began to develop in February and March. By late-March and April, COVID-19 clusters were ...
    01/22/2021 - 7:56 am | View Website
  • Missouri Amendment 2, Medicaid Expansion Initiative ...
    Missouri State Representative Tommie Pierson Jr. (D): "A yes vote on Amendment 2 will bring billions of Missouri tax dollars back into our state, closing a huge coverage gap so that 300,000 of our low-income neighbors, most of whom are working, will finally get health care that has long be denied. Let us fix this unequal and unjust system by ...
    01/21/2021 - 8:04 am | View Website
  • New York Budget Gap: Options for Addressing New York ...
    New York, which had to close a $6.1 billion budget gap for FY 2021 before anyone had even heard of the novel coronavirus, has been banking on revenue growth to help patch over its structural challenges and ever-growing budget. Before Gov. Cuomo offered a budget plan rolling back much of the planned growth of government this fiscal year, the FY ...
    01/21/2021 - 6:17 am | View Website
  • Kulwicki Driver Devopment Program
    Braison Bennett embodied the Kulwicki spirit in many ways; owning, maintaining, and fixing his own race cars on a limited budget, but still able to find victory lane at Wisconsin International Raceway. Bennett, along with Maine's John Peters, both suffered incredibly bad luck this season, but both were able to overcome and post strong finishes.
    01/21/2021 - 4:44 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News