AUGUSTA (AP) – State finance officials say gains by better-off taxpayers and by energy companies enjoying the effects of high oil prices have buoyed Maine tax collections, at least temporarily.
But legislative budget writers were told Thursday the longer-term view is generally pessimistic, especially if energy prices stay so high they drain away dollars available for more discretionary spending.
Already, according to Maine tax department expert Michael Allen, there has been a noticeable increase in taxpayers seeking payment plans to help them manage their liabilities.
Appropriations Committee members also were told a looming surplus for fiscal 2008, which ends June 30, would represent only a small variation from the standing budget forecast.
AP-ES-05-22-08 1151EDT
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