AUGUSTA — Maine tax officials say revenues were close to budget as the first month of fiscal 2011 ended.

Revenues overall for July were $1.2 million, or less than 1 percent, under budget. But Michael Allen of Maine Revenue Services told the Legislature’s Appropriations Committee today that the all-important sales tax revenues were over budget by $1.7 million, marking the fourth consecutive month sales and use taxes were over budget.

Helping to push sales tax revenues over budget were automobile sales and tourism-related spending.

Allen told the committee that highway revenues were also over budget in July.

Maine ended fiscal 2010 on June 30 with a surplus of $70 million. Allen said most of that was due to a surge in consumer spending in late winter and early spring.


Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.