Maine faces a $450 million budget gap as pandemic stimulus effects fade, despite a robust economy.

During the pandemic, Maine saw a 35% jump in state tax revenues due to federal stimulus. Now, as stimulus effects fade, Maine faces a $450 million budget gap over two years, primarily due to increased spending from laws passed during the revenue surge. Despite this, Maine's economy remains robust with strong population growth, though individual income and sales tax revenues are declining.

3 months ago
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