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Revenue gap may grow (oh my goodness Maine!)
Boston.com ^ | 24 October 2002 | Francis X. Quinn

Posted on 10/24/2002 5:53:01 PM PDT by SheLion

Edited on 04/13/2004 2:08:28 AM PDT by Jim Robinson. [history]

AUGUSTA, Maine (AP) A newly revised forecast by an advisory state panel holds potential for enlarging a government revenue shortfall already pegged at about $240 million by $25 million or more, according to legislative analysts.

The negative adjustments could make more difficult a task that has bedeviled lawmakers and Gov. Angus King for months: matching current spending levels with available resources.


(Excerpt) Read more at boston.com ...


TOPICS: Activism/Chapters; Culture/Society; Government; US: Maine
KEYWORDS: budget; committees; gap; government; lawmakers; petprograms; revenue; shortfall
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Belt Tightening = Democrats Pet Programs
1 posted on 10/24/2002 5:53:01 PM PDT by SheLion
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To: Madame Dufarge; metesky; ozone1; pkmaine; Atomic Vomit; ROCKLOBSTER; mlmr; bogeybob; BM.Maine; ...
It's worse then we thought.........


2 posted on 10/24/2002 5:54:31 PM PDT by SheLion
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To: SheLion
The negative adjustments could make more difficult a task that has bedeviled lawmakers and Gov. Angus King for months: matching current spending levels with available resources.

What a concept - having to economize when the revenue drops. I had to do it this year, the friggin' state governments should have to do it as well. But they always make sure that 20 percent of the state government actually does something, AND THAT'S THE FIRST AREA THEY CUT - to convince the public that there is no fat in the budget, as political hacks who have wormed their way into high-level positions are in no danger of getting downsized.

3 posted on 10/24/2002 5:57:15 PM PDT by dirtboy
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To: SheLion
Be sure to factor in the growing Somali welfare population in Lewiston.
4 posted on 10/24/2002 5:57:28 PM PDT by Malesherbes
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To: SheLion
Not really, the Beef, or Le Beouf as he is called in some sections of the state, has been a big spending Democrat out to make a national name for himself.
5 posted on 10/24/2002 5:57:33 PM PDT by mlmr
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To: dirtboy
What a concept - having to economize when the revenue drops

Exactly. And King keeps putting off pulling everyone into session to fix this! Or at least "work" on it. It's really a mess.

King has his motorhome packed up and all he wants to do is beat it back to VA!

6 posted on 10/24/2002 6:12:13 PM PDT by SheLion
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To: Malesherbes
Be sure to factor in the growing Somali welfare population in Lewiston.

Yes, funny how our state budget is even DEEPER in debt, of late, right?


7 posted on 10/24/2002 6:18:02 PM PDT by SheLion
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To: SheLion
I need to get New Hampshire residency.
8 posted on 10/24/2002 6:30:56 PM PDT by Schmedlap
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To: Schmedlap
I need to get New Hampshire residency.

How about Mass?


9 posted on 10/24/2002 6:32:40 PM PDT by SheLion
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To: SheLion
On the radio this morning (WVOM, The Voice of Maine) someonemade the comment, "Will the last person to leave Maine please shut off the lights."
10 posted on 10/24/2002 6:57:23 PM PDT by metesky
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To: metesky
Who does the Morning show up there these days?

BTW King could care less about ME, he has looted the tresaury, driven out taxpayers (me for one) and brought in ranger killing welfare cheats.

11 posted on 10/24/2002 7:11:39 PM PDT by dts32041
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To: dts32041
Who does the Morning show up there these days?

A braindead pair in Augusta who spend half their time denying that they are liberal. One of 'em even has that smooooth disc jockey voice that makes you want to cram the mic down his throat.

12 posted on 10/24/2002 7:32:00 PM PDT by metesky
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To: SheLion
See what happens when you don't give them cigarette taxes. :-}
13 posted on 10/24/2002 7:33:50 PM PDT by Great Dane
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To: SheLion
Are Maine, pack of cigarette, smokers ready for the big tax increase that's getting ready to come?
14 posted on 10/24/2002 7:38:29 PM PDT by Just another Joe
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To: SheLion
This was actually announced on Monday and the papers would not carry it.

I wonder if they are covering it it for Baldacci et al.
15 posted on 10/24/2002 8:32:02 PM PDT by ozone1
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To: SheLion
I'm no economic genius, are all of these, financially strapped, government entities so dense as to the
core of their problem. It has been talked to death on these threads. Taxation has approached or
exceeded 50% of income. The result, it took some time, is a shrinking economy. The US is in for a
long, long uphill grind. What the hell, raise taxes more.
16 posted on 10/24/2002 9:30:43 PM PDT by golder
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To: SheLion
I'm no economic genius, are all of these, financially strapped, government entities so dense as to the
core of their problem. It has been talked to death on these threads. Taxation has approached or
exceeded 50% of income. The result, it took some time, is a shrinking economy. The US is in for a
long, long uphill grind. What the hell, raise taxes more.
17 posted on 10/24/2002 9:32:53 PM PDT by golder
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To: SheLion
Well, that's my other problem. I go to school in Boston. The worst of both worlds, with NH in between. I need to get an address there between graduation and my return to active duty Army. Then, I can enjoy not having state income tax swiped from me (for a little while) and I won't be worrying about their property tax.
18 posted on 10/24/2002 11:24:07 PM PDT by Schmedlap
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To: ozone1
This was actually announced on Monday and the papers would not carry it.

Well, if Cianchette doesn't get elected for Governor, and Baldy does, I hate to say this, because I live in this state. But I hope Baldy can NEVER dig himself out from under this mess his good ole buddy left him!

And I hope that this will be the demise of Baldacci! AMEN!

19 posted on 10/25/2002 7:35:05 AM PDT by SheLion
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To: Just another Joe
Are Maine, pack of cigarette, smokers ready for the big tax increase that's getting ready to come?

Well, Joe, the $1.7 million down in revenue COULD be the loss of revenue the state was expecting from their huge cigarette tax increase that never materialized!!

People woke up and are buying in NH, the Reservation, the Internet and Roll Your Owns. Perhaps, the State of Maine isn't realizing that huge tax increase from cigarettes. You think????

20 posted on 10/25/2002 7:37:49 AM PDT by SheLion
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