Tax and Budget

Budget 1 2-6-2017
February 10, 2017
Lawmakers Hear How Governor’s Budget Will Benefit the Rich at the Expense of Maine Kids, Families, and Communities To view this release as a PDF, click here. (February 10, 2017) Augusta, Maine – State legislators on the appropriations and taxation committees are holding a public hearing today on key tax proposals in Governor LePage’s budget plan. 

Tax and BudgetEach year, Maine leaders set priorities and make choices for allocating state and local revenues for education, health care, public assistance, economic development, public safety, roads and bridges, environmental protection, and other services important to Maine families, businesses, and communities. They also determine how to fund those revenues through taxes, fees, borrowing, and other sources. For 20 years, MECEP has provided exhaustive, timely, and respected analysis of Maine tax and budget policies to ensure that Maine invests its limited revenues wisely in ways that most benefit Maine working families, especially their economic security, health care needs, and education and job training and that encourage strong economic growth by addressing the needs of Maine businesses for skilled workers, promoting local markets, and investing in research and development. We also assess the fairness of Maine’s tax policies, work to eliminate ineffective, wasteful tax breaks, especially for large corporations, and assure greater progressivity of Maine’s revenues.

Most Recent
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February 24, 2017
“Longtime tax analyst Albert DiMillo, a retired accountant and tax director for Bath Iron Works, said the governor’s proposal would result in an average property tax increase of $320, a figure roughly equivalent to an estimate by the Maine Center for Economic Policy, and result in a ‘windfall for the top 1 percent’ of income earners.” by Andy O’Brien (Rockland) Free Press, February 235, 2017 Legislative committees in Augusta are continuing to hold hearings on Gov.
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February 22, 2017
The governor’s budget proposal presents you with a series of false choices – between protecting the most vulnerable elderly and disabled Mainers, and providing health care for those in poverty; between helping Mainers into work and providing them with government assistance.
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February 10, 2017
Lawmakers Hear How Governor’s Budget Will Benefit the Rich at the Expense of Maine Kids, Families, and Communities To view this release as a PDF, click here.
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February 10, 2017
These proposed tax changes would stand in the way of building thriving communities and a strong Maine economy. There is a direct correlation between state resources and the ability to be proactive in making the kind of investments that lay the foundations for a strong economy. 
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February 9, 2017
“The governor’s office has not provided an analysis of how  many Mainers will benefit from the property tax credit, but according to the Maine Center for Economic Policy, 213,000 Maine homeowners are ‘at risk of higher property taxes’ if the exemption is repealed.
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February 8, 2017
“According to the Maine Center for Economic Policy, a left-leaning think tank, 912 families in Millinocket would see their property taxes skyrocket by $593 per year.
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February 6, 2017
“The Maine Center for Economic Policy says the top 1 percent of taxpayers will get an average overall tax cut of $23,000 a year, but argues that 4 out of every 5 families will see a tax increase.” Mal Leary, Maine Public, February 6, 2017 The proverbial “sausage making” is underway at the State House as lawmakers begin the long, often contentious process of crafting a two-budget.
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February 6, 2017
“The Maine Center for Economic Policy however believes LePage’s priorities are upside-down and that implementing a plan that gives tax breaks to the rich would actually increase property taxes for 80% of Maine families.” by Brandon Doyer, WABI-TV, February 6, 2017 Monday in Augusta, Governor LePage outlined how his administration plans on saving the state money in his proposed budget.
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February 6, 2017
“Part G of the governor’s budget would repeal the homestead exemption and increase property taxes for an estimated 213,000 Maine homeowners by more than $300 on average.
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February 6, 2017
Interactive map from February 5, 2017 blog post, “To pay for tax cuts for the rich, LePage budget shifts tens of millions of dollars onto the backs of homeowners.” Use the map to find the impact of the governor’s proposal on property taxes in your city or town.