Maine Anticipates $300 Million Budget Shortfall.

• Position: Brief Article

Preliminary projections indicate that the state of Maine will experience a revenue shortfall of $12.5 million in the fiscal year ending June 30. Worse yet, officials are projecting a shortfall of about $250 million over the next two years, with the potential of climbing to $300 million. The state's Revenue Forecasting Committee report blames the problem on a decrease in sales tax revenues. In January alone, sales tax revenues were off by more than 9 percent. On the bright...