Maine’s Economy, Taxes and Budget Maine can’t afford for Congress to miss the mark on COVID-19 emergency funding A bipartisan consensus is building for Congress to pass additional emergency funds for states to help fight the pandemic, maintain health care for low-income families and seniors, […] Sarah Austin Posted May 22, 2020 Tags Coronavirus, Federal, Recession
Jobs and Income Maine women and young adults hit hardest by unemployment It is the first detailed look at which groups have lost the most jobs since many businesses in Maine and across the country ground to a halt […] Portland Press Herald Posted May 19, 2020 Tags Coronavirus, Jobs, Unemployment
Jobs and Income As Maine reopens, 89,000 workers still lack paid sick leave The big business carve-out exempts many workers in Maine who work for large retail chains. Among those workers who did not have leave protections, 31,000 are ineligible […] Beacon Posted May 18, 2020 Tags Coronavirus, Job Quality, Jobs, Paid Sick Days
Maine’s Economy Commentary: Pandemic relief will drive up the deficit. That’s a good thing Federal officials must do everything in their power to meet this historic moment. While some may bristle at the thought of doing or spending too much, the […] Portland Press Herald Posted May 16, 2020 Tags Coronavirus, Economy, Federal
Maine’s Economy Congress should prioritize state, local services over tax breaks for the wealthy, corporations “Available indicators forecast a new recession triggered by the spread of COVID-19, with the economic damage poised to hit harder and faster than any downturn in recent […] Bangor Daily News Posted May 14, 2020 Tags Coronavirus, Federal, Tax Breaks
Jobs and Income Some Maine unemployed receiving benefits above average salary “Anybody who’s lost their job, I don’t think, views it as a gift, no matter the reason,” said Maine Center for Economic Policy Executive Director Garrett Martin. He said […] WMTW Posted May 13, 2020 Tags Coronavirus, Federal, Unemployment, Wages
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 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 Congress must act boldly to protect Maine families, communities from harm Maine faces a revenue shortfall of at least $1.2 billion in the next fiscal year. If unaddressed, this fiscal crisis would hurt families and communities, and make the recession worse. Congress must include state fiscal relief in the next coronavirus bill. Mario Moretto Posted May 8, 2020 Tags Coronavirus, Federal, Recession
Maine’s Economy Committee to look at easing long-term COVID-19 economic impact on Maine Janet Mills announced Wednesday that she is convening an Economic Recovery Committee, with members drawn from across Maine industries, that will develop recommendations to mitigate the economic damage […] MaineBiz Posted May 7, 2020 Tags Coronavirus, Economy, Recession