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

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

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

Governor Mills convening Economic Recovery Committee

Gov. Janet Mills announced Wednesday the creation of a panel to advise her on the state’s economic recovery, and suggested there could be regional variations in the […]

WABI

Posted May 7, 2020

Tags Coronavirus, Economy, Federal

Maine’s Economy

Think tank projects $1.2 billion budget shortfall for Maine

Nonpartisan research and policy institute the Center on Budget and Policy Priorities is projecting a huge budget shortfall for Maine by the end of the next fiscal […]

Portland Press Herald

Posted May 6, 2020

Tags Coronavirus, Economy, Federal

Maine’s Economy

NEW REPORT: Maine faces at least $1.2 billion revenue shortfall as coronavirus wreaks havoc on jobs, spending

To protect Maine families and communities, Congress must include substantial state fiscal aid in the next pandemic relief package AUGUSTA, Maine — Maine faces an estimated $1.2 billion […]

Posted May 5, 2020

Tags Coronavirus, Economy, 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

Maine’s Economy

Maine DOL: Workers in re-opened industries could lose unemployment if they don’t return to work

According to recent calculations made by the Maine Center for Economic Policy, more than 108,520 Mainers have filed for unemployment over five weeks, putting the state unemployment […]

Beacon

Posted April 30, 2020

Tags Coronavirus, Economy, Federal

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Commentary: Pandemic relief will drive up the deficit. That’s a good thing

Congress should prioritize state, local services over tax breaks for the wealthy, corporations

Some Maine unemployed receiving benefits above average salary

Garrett Martin: Congress must act now to prevent state budget collapse

Congress must act boldly to protect Maine families, communities from harm

Governor Mills convening Economic Recovery Committee

Think tank projects $1.2 billion budget shortfall for Maine

NEW REPORT: Maine faces at least $1.2 billion revenue shortfall as coronavirus wreaks havoc on jobs, spending

REPORT: Maine needs fiscal relief now to address revenue shortfall of at least $1.2 billion

Maine DOL: Workers in re-opened industries could lose unemployment if they don’t return to work