Taxes and Budget

State finance department makes recommendations to curtail lost revenue

With state revenue down more than $500 million due to COVID-19, the Department of Administrative and Finance Services have passed along a few suggestions to Governor Janet […]

Fox Bangor

Posted September 10, 2020

Tags Budget, Revenue

Taxes and Budget

RESEARCH REVIEW: State tax and budget cuts don’t boost economic activity and can cause harm

Supporters of tax cuts often claim they will directly boost economic activity. A large body of research refutes this argument. In a comprehensive review of four decades […]

MECEP

Posted August 18, 2020

Tags Budget, Economy, Recession, Revenue, Taxes

Taxes and Budget

Tax committee chair calls for taxing wealthy to address revenue shortfall

Sarah Austin, a policy analyst with the Maine Center for Economic Policy who also took part in the discussion, pointed out that “over the next three years, […]

Beacon

Posted August 14, 2020

Tags Budget, Revenue, Tax Fairness, Taxes

Taxes and Budget

With tighter census deadline, advocates worry Mainers most in need won’t be counted

James Myall, policy analyst at the Maine Center for Economic Policy, said the earlier deadline means certain populations in the state are more likely to be undercounted. […]

Beacon

Posted August 10, 2020

Tags Budget

Maine’s Economy

Co-Chairs of Legislature's budget, labor committees join laid-off workers in call for Congress to pass real COVID-19 relief

Inaction by US Senate is increasing hardship for Mainers and threatens deeper, longer recession AUGUSTA, Maine — Mainers facing continued record-breaking unemployment and an unprecedented state revenue crisis […]

Posted August 7, 2020

Tags Budget, Coronavirus, Federal, Unemployment

Taxes and Budget

Maine goes into austerity mode as coronavirus takes steep budget toll

Republicans are saying they told her so as she looks to cut out a similar portion. Progressives, on the other hand, are beginning to lament the tilt […]

Bangor Daily News

Posted August 6, 2020

Tags Budget, Coronavirus, Recession, Revenue

Taxes and Budget

Forecasted 3-year, $1.4 billion revenue shortfall reinforces need federal, state action to protect critical jobs and services

New revenue projections released by state officials on Wednesday reiterate that Maine faces jaw-dropping revenue shortfalls that demand a strong federal response and a willingness by state […]

Sarah Austin

Posted July 29, 2020

Tags Budget, Coronavirus

Taxes and Budget

Local budgets in Maine are seeing massive shortfalls. Federal help remains uncertain.

Absent such an intervention, the state of Maine is facing a revenue shortfall that could grow to $1 billion by mid-2021, according to April projections from Moody’s Analytics. […]

Bangor Daily News

Posted May 12, 2020

Tags Budget, Coronavirus, Local

Maine’s Economy, Taxes and Budget

Democrats weigh repeal of tax breaks for wealthy as downturn threatens state services

Maine’s state budget is facing an estimated 30-percent revenue decline in the next fiscal year from the economic shock of the COVID-19 pandemic, the Maine Center for […]

Beacon

Posted May 11, 2020

Tags Budget, Economy, Tax Breaks, Taxes

Maine’s Economy, Taxes and Budget

Congress helped private businesses. Now it’s time to help state and local governments.

“If left unaddressed, the unprecedented shortfall will force the state to make painful cuts that will hurt Maine families and make the recession worse — including widespread […]

Bangor Daily News

Posted May 11, 2020

Tags Budget, Coronavirus, Economy

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State finance department makes recommendations to curtail lost revenue

RESEARCH REVIEW: State tax and budget cuts don’t boost economic activity and can cause harm

Tax committee chair calls for taxing wealthy to address revenue shortfall

With tighter census deadline, advocates worry Mainers most in need won’t be counted

Co-Chairs of Legislature's budget, labor committees join laid-off workers in call for Congress to pass real COVID-19 relief

Maine goes into austerity mode as coronavirus takes steep budget toll

Forecasted 3-year, $1.4 billion revenue shortfall reinforces need federal, state action to protect critical jobs and services

Local budgets in Maine are seeing massive shortfalls. Federal help remains uncertain.

Democrats weigh repeal of tax breaks for wealthy as downturn threatens state services

Congress helped private businesses. Now it’s time to help state and local governments.