Maine State Budget Short $400 Million
“October revenues were nearly as bad as September.” Read More...
Fri, 11/13/2009 - 3:44pm
Posted by Steven Scharf
Bangor Daily News
state budget
Maine revenues continue to slip; shortfall as high as $400M
By Mal Leary
Capitol News Service
AUGUSTA, Maine — Gov. John Baldacci has ordered the preparation on an executive order to curtail state spending as state revenues continue to fall below estimates with Finance Commissioner Ryan Low expecting the revenue shortfall now will range between $300 million and $400 million for the two-year budget.
“October revenues were nearly as bad as September,” Low said in an interview. “They are down by $26.8 million.”
School GPA is going to be hit hard be this. Why does the state dole out money to schools in the first place?
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