December 06, 2019
The Point Latest News | Essex St. Death | Bangor Metro | Peter Vigue | Today's Paper

Maine’s tax revenue still hasn’t rebounded to pre-recession levels

Courtesy of http://401kcalculator.org
Courtesy of http://401kcalculator.org

Across the U.S., total state tax revenue reached pre-recession levels in mid 2013. But tax receipts in 30 states, including Maine, have not yet recovered. This chart, with data from the Pew Charitable Trusts, shows Maine’s tax revenue picture compared with the nation’s. In the third quarter of 2014, more than five years after the recession’s end, Maine was still collecting less than at its peak before or during the recession. Comparisons are based on Maine and the U.S.’s peak tax revenue level since 2006.



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