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

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

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

Maine’s Jobs Recovery is Mostly in Portland

Higher Education Pays Dividends to Taxpayers, Too

Much of New Hampshire is a Bedroom of Massachusetts

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

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

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

Fed Chairman Yellen: The Recovery Still Feels Like a Recession