March 10, 2015
Maine's taxable sales set record at $18.9 billion
Maine Revenue Services is reporting the state’s taxable sales in 2014 reached $18.94 billion, 4% higher than the 2013 tally.
The Portland Press Herald reported that the 2014 taxable sales set a record and continues a five-year upward trend for Maine’s economy.
Sales increased across all sectors, the newspaper reported, including general merchandise, groceries, automotive and transportation, building supply, restaurants and lodging. The biggest increase was in automotive and transportation, which was up nearly 7% from the previous year, the newspaper reported.
Source: Portland Press Herald
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