AUGUSTA – The LePage administration says state revenues were $14.5 million ahead of projections last month.
Finance Commissioner Alec Porteous says state collections are $35.3 million for the first two months of the state’s fiscal year. All told, general fund revenues increased 9.3 percent during the period.
Porteous says these results “are reflective of Maine’s strengthening economy.” He noted that the U.S. Bureau of Economic Analysis reports personal income is growing.
He says strong growth in sales tax and corporate income tax receipts and robust individual income tax withholdings contributed to the monthly surplus. Building supply sales, automobile sales and other retails sales fueled sales tax revenue.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. 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.