Maine tax credit data leads to questions about effectiveness of programs

The programs’ effect on future economic progress or job creation is an open question.

“What we do know is that the revenue lost to these tax breaks must be made up somewhere,” Moretto added. “At the local level, that means property tax increases for homeowners and renters; less funding for investments that help communities thrive, such as road maintenance, schools, and services; or both. We’ve seen both those happen in communities across the state in recent years.”

Click here to read the full story, first published on November 19, 2019, in the Center Square.