AUGUSTA, Maine (AP) — A Maine state panel is meeting to put the decimal points on a new revenue forecast.
The forecast is expected to open a hole approaching $600 million in Gov. John Baldacci’s spending plan for the coming two years.
The governor’s original blueprint, designed to cover a $340 million shortfall, is under review by the Legislature’s Appropriations Committee.
Following final decisions by the state Revenue Forecasting Committee, the Baldacci administration is expected to put forth a response plan later this week.
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