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Taxes and Budget

State revenue in FY 2014 was slightly higher than expected but 2011 tax cuts keep revenues well below pre-recession levels

Total General Fund revenue for the state fiscal year ending in June 2014 was $3,113,496,933, which was $39 million (1.3%) more than expected, according to the revenue […]

Joel Johnson
Posted August 1, 2014
Tags Revenue, Tax Breaks, Taxes
Taxes and Budget

Property tax relief falls short in 2013, major policy changes still needed

The amount of property tax relief Maine residents claimed under a new state tax credit will fall $9-12 million short of the $34 million forecast, according to […]

Joel Johnson
Posted June 27, 2014
Tags Property Tax, Tax Fairness, Taxes
Taxes and Budget

State Income Tax Revenue Falls as Bill for 2011 Income Tax Cuts Comes Due

Four years after Maine Revenue Services (MRS) and the Legislature’s nonpartisan fiscal office put a $166 million price tag on Governor LePage’s income tax cut, an enormous […]

Joel Johnson
Posted June 11, 2014
Tags Budget, Revenue, Taxes
Jobs and Income

Maine’s Jobs Recovery is Mostly in Portland

4 out of every 5 jobs that Maine employers have added in the last five years have been in the greater Portland area, according to data released […]

Joel Johnson
Posted May 29, 2014
Tags Employment, Jobs
Education

Higher Education Pays Dividends to Taxpayers, Too

Mainers with college degrees earn more over their lifetime than Mainers without them, but all Maine taxpayers share in the benefits as well, according to new estimates […]

Joel Johnson
Posted May 16, 2014
Tags Education, Higher Education
Jobs and Income

Much of New Hampshire is a Bedroom of Massachusetts

Yesterday’s report from the Center on Budget and Policy Priorities briefly touches on another fact about New Hampshire that anti-tax activists never mention: much of the state […]

Joel Johnson
Posted May 9, 2014
Tags Incomes, Jobs, Taxes
Taxes and Budget

Taxes Have Little Effect on People’s Decisions about What State to Live In

A lengthy and exhaustive new report from the Center on Budget and Policy Priorities confirms what reality-based analysts have known for a long time: state taxes do […]

Joel Johnson
Posted May 8, 2014
Tags Taxes
Jobs and Income

Maine’s Large Number of “Involuntary” Part-time Workers Showing No Sign of Decline

Maine’s official unemployment rate continues to fall along with the nation as a whole, but “underemployment” is as big a problem as ever, according to data released […]

Joel Johnson
Posted May 7, 2014
Tags Employment, Job Quality, Jobs
Jobs and Income

Boston Fed President Agrees: Many Mainers Still Struggling in Weak Labor Market

Like MECEP, the Boston Federal Reserve Bank is looking deeper into Maine’s labor market statistics finding that employment prospects for Mainers are still nowhere near as good […]

Joel Johnson
Posted April 16, 2014
Tags Employment, Job Quality, Jobs
Maine’s Economy

Fed Chairman Yellen: The Recovery Still Feels Like a Recession

In case you needed more evidence that the labor market recovery in Maine and across the nation is still far from complete, Federal Reserve Board Chairman Janet […]

Joel Johnson
Posted April 1, 2014
Tags Economy, Federal
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