The Revenue Forecasting Committee (RFC) met on February 21, 2014 to review and update the current
revenue forecast to comply with this year’s statutory reporting date of March 1st. The RFC revised its
revenue projections through the fiscal year ending June 30, 2017 based on the new economic forecast by
the Consensus Economic Forecasting Commission for its February 1st reporting date, updated tax data
and a review of recent experience. The RFC updated its forecasts for the General Fund, Highway Fund,
Fund for a Healthy Maine and Medicaid/MaineCare Dedicated Revenue Taxes.