Fact Sheet: Revenue Collapse Creates Budget Gap. Maine’s budget challenges are due to the recession and recent tax cuts

January 10, 2013
As the new legislature prepares for Governor LePage to release his plans for dealing with an unexpected revenue shortfall this year and an $881 million structural budget gap over the next two-year budget cycle, it is worth remembering how the state arrived in this situation of seemingly permanent budget crisis.
 
 
by Garrett Martin, MECEP Executive Director and Joel Johnson, MECEP Policy Analyst