AUGUSTA — Gov. John Baldacci says the economy is improving – slowly.
In his weekly radio address, Maine’s governor says the state finished May with revenues beating projections by more than $15 million. Baldacci says that with less than a month left in the current fiscal year, Maine’s on track to finish $50 million or more above budget.
At the same time, Maine’s unemployment rate fall to 8 percent in May, a slight improvement over April and last year.
But Baldacci says there’s still a big question mark out there – how well the tourism industry will do between now and Labor Day. As the summer tourism season reaches its high points in the next few months, Baldacci says a much clearer picture will come into view of the economy and what we can expect down the road.
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