More from the article, the $67 million is just part of Connecticut’s problems.
“In addition to the disappointing revenue figures, Barnes projected that the state currently has a $161.7 million deficit based on the new revenue figures.
. . .
[Democrat] Malloy insisted on the campaign trail that Connecticut would not end the fiscal year with a deficit and promised he could handle any shortfall on his own issuing at least three budget rescissions since last November. None of his attempts have erased the deficit, but they have kept it under the amount that would force him to send a deficit mitigation plan to the legislature.”
Meanwhile in Maine:
Bangor Daily News
Maine’s revenue forecast for current year jumps by $22 million
Posted April 30, 2015, at 11:33 a.m.
AUGUSTA, Maine — The state’s Revenue Forecasting Commission is slightly projecting upward its predictions for state revenue this budget year.
By the end of the fiscal year — June 30 — they expect Maine to get $22 million more than they had originally projected.
“Final payments came in strong — first estimated payments of the 2105 tax year came in extremely strong,” said commission Chairman Mike Allen, the state’s associate finance commissioner. “We can’t find another payment, first estimated payment, that increased by that much — 38 percent over last year.”
. . .
Demographically is Maine is 37% of the size of Conn. so $22 million in tax collections would equal about $67 of Conn’s take.
I do think some of the actual vs projection is guess work for budget planning. Maine has just been more conservative in its forecasting and thus budgeting for that more conservative result.
Thanks for that comparison. It gives me some ammo when I see a Maine liberal next week. She doesn’t know how good they have it up there. Paul LePage is awesome.