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
Taxes and Budget Garrett Martin: Congress must act now to prevent state budget collapse The coronavirus pandemic has already spurred a jobs crisis and recession unlike anything we have ever experienced. But if the federal government does not act quickly, it will also […] Posted May 11, 2020 Tags Budget, Federal
Taxes and Budget REPORT: Maine needs fiscal relief now to address revenue shortfall of at least $1.2 billion Just two months after the pandemic’s first ripples were felt in the economy, forecasters say unprecedented state revenue shortfalls jeopardize state and local budgets. In Maine, revenue […] Sarah Austin Posted May 5, 2020 Tags Budget, Coronavirus, Federal, Revenue