AUGUSTA, Maine - Maine lawmakers got some good news today from state finance officials: State revenues continue to beat projections. That's even after forecasters upped their projections last month.
After the first six months of the budget year, state revenues are now $19 million above the new estimates.
State officials are attributing the increase to higher-than-expected sales tax collections, as well as higher individual income taxes.
"Withholding in the month of December was stronger than we had anticipated," says Mike Allen, the associate commissioner for tax policy. "Withholding receipts were over budget by $3.6 million for the month."
Overall, December revenues were $14 million above projections. So far, Allen says, revenues this month are also strong.
