Think tank projects $1.2 billion budget shortfall for Maine

Nonpartisan research and policy institute the Center on Budget and Policy Priorities is projecting a huge budget shortfall for Maine by the end of the next fiscal year.

In Maine, revenue losses will reach roughly $1.2 billion by June 30, 2021, the institute projects. Maine will likely face further losses in subsequent years, it said. The projection is based on an analysis by the liberal Maine Center for Economic Policy, it said.

Click here to read the full story, first published May 6, 2020, in the Portland Press Herald.