AUGUSTA — The stubbornly weak economy is darkening Maine’s revenue prospects for the next two years by more than $160 million, and the gloomy new figures will likely force Gov. Paul LePage to issue a spending curtailment order in mid-December.

The state’s Revenue Forecasting Committee on Wednesday prepared numbers to be formally presented to lawmakers on Thursday. They show revenues lagging by $35 million this fiscal year and by $128 million for the two-year budget cycle starting next July.

Maine Finance Commissioner Sawin Millett says the biggest contributors to the red ink are under-performance of sales and corporate taxes.

The LePage administration is getting ready for immediate action on the $35 million shortfall. The governor’s curtailment order would cut back spending in select areas without affecting necessary services.


Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.