AUGUSTA (AP) – A legislative staff analysis says key components of Maine’s General Fund revenue look hardy heading into the final two months of the fiscal year.
According to the Legislature’s Office of Fiscal and Program Review, good news on the revenue front includes corporate and individual income tax revenue exceeding revised projections.
The monthly OFPR report adds, however, that high fuel prices may have a detrimental effect on the collection of consumption-related taxes in coming months.
For the short term, though, the staff analysis suggests that the revenue picture for General Fund seems positive.
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