State Revenue Forecasting Commission

State revenues were $35 million above projections in August, fueled by higher-than-expected personal income tax withholdings. But state officials are worried the good news may be fleeting.

Rebecca Conley / Maine Public

The State Revenue Forecasting Commission says that the state will lose an estimated $524 million in general revenues by the end of next June as a result of the pandemic. But the group is less certain of the forecast than it has been in past projections.