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Maine Anticipates $300 Million Budget Shortfall.(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. ...
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