The Legislature’s tax and budget committees met Monday to hear testimony on a set of proposals by Gov. Janet Mills that could leave some businesses paying state taxes on loans exempt from federal taxes.
state budget
Posted inLocal & State, News, Politics
Gov. Mills proposes $8.4 billion, 2-year budget that doesn’t raise taxes
The budget adds to the state’s ‘rainy day’ fund despite the impact of COVID-19 on state revenues.
advertisement
Posted inLocal & State, News, Politics
Mills’ next budget in balance without tax hikes, despite revenue losses
The budget that Gov. Janet Mills will submit to the Legislature on Friday would maintain critical government services at a time when they are needed most, says Finance Commissioner Kirsten Figueroa.
Posted inOp-eds, Opinion
Jim Fossel: Legislature should consider reforms this session
It’s time to make Maine’s legislative branch more transparent, efficient and democratic.
Posted inOp-eds, Opinion
Sen. Hamper: The formula for rebuilding Maine’s economy is bipartisan
A Democratic governor realized that cutting taxes, controlling spending and growing jobs was a winning plan, but it took a Republican governor and Legislature to carry it out.
Posted inLocal & State, News
Maine tax revenues ‘better than anticipated’ during COVID, but still not good
Spending on hotels, restaurants and fuel didn’t decline as much as state officials expected, helping Maine end August $34 million over budget, which is better than revenue forecasters had predicted.
Posted inLocal & State, News
Mills administration proposes hiring freeze, spending cuts to offset revenue lost to pandemic
The plan proposes a hiring freeze and delaying technology upgrades to help make up for more than $500 million in revenue losses.
Posted inLocal & State, News, Politics
Mills gives state agencies more time to propose cuts as shortfall looms
Facing a revenue shortfall of more than $500 million, Gov. Janet Mills gives agencies 7 more weeks to submit new budgets, while hoping Congress delivers more pandemic aid to states.
Posted inOp-eds, Opinion
Jim Fossel: Republicans should hold firm on taxes in Augusta
Whenever the Legislature comes back into session, GOP members should use their clout to roll back 2019’s spending spree.
Posted inBusiness, Local & State, Nation & World, News
Maine state budget facing COVID-19 shortfalls of $1.4 billion over next 3 years
What the state gained in revenue on taxable grocery store items and building supplies when the pandemic hit didn’t come close to making up for what it lost in sales tax because restaurants and lodgings were shuttered.