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State Says Revenue Exceeds Expectations Again In October

State Says Revenue Exceeds Expectations Again In October

Photo: 560 WGAN Newsradio


AUGUSTA, Maine (AP) — Republican Gov. Paul LePage’s administration says that tax revenue has surpassed expectations again in October.

LePage’s Finance Commissioner Alec Porteous said Tuesday that Maine collected $26.6 million in tax revenue over official estimates.

That includes $11.9 million in individual income tax revenues that came in over official estimates. Corporate income tax revenues were up $11.4 million over budget for October.

Porteous said September taxable sales increased 6.9 percent over a year ago. Tourism sales tied to restaurants and lodging increased were up, for example.

LePage is calling on Democratic Gov.-elect and Attorney General Janet Mills to return surplus tax revenue to Mainers through tax relief.

Mills will be sworn into office Jan. 2. Her She has until Feb. 8 to submit her budget proposal to the Legislature.

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