Proposal to close state’s $538M revenue shortfall includes call for more federal support

Garrett Martin, executive director of the Maine Center for Economic Policy, said that the proposal “is a good attempt to bridge the revenue gap in the current budget,” but also agreed federal help is needed.

“Maine needs additional revenue to protect jobs and fuel the recovery by keeping money flowing to families, communities, and our economy,” he said. “MECEP urges Congress to pass a robust, bipartisan relief package that includes additional funding to make state and local budgets whole. Maine policymakers must also be prepared to raise revenues, such as by closing tax loopholes and raising taxes on the wealthiest households and corporations, if Congress fails to deliver.”

Click here to read the full story, first published September 11, 2020, in MaineBiz.