Maine likely to see revenue shortfall

The Maine Center for Economic Policy is predicting a major shortfall in state revenue in the next fiscal year, a prediction that could have a significant impact on Maine residents.

That’s because state government is not immune to the effects of the economic shutdown as part of COVID-19 prevention efforts.

“We are likely to see a level of revenue shortfall in the coming year that’s roughly equivalent to what the state currently allocates to fund its schools,” said Maine Center for Economic Policy Executive Director Garrett Martin.

Click here to read the full story, first published May 8, 2020, in Fox Bangor.