Taxes and Budget

Proposal to close state's $538M revenue shortfall includes call for more federal support

Garrett Martin, executive director of the Maine Center for Economic Policy, said that the proposal “is a good attempt to bridge the revenue gap in the current […]

MaineBiz

Posted September 11, 2020

Tags Budget, Coronavirus, Federal, Recession, Revenue

Taxes and Budget

State finance department makes recommendations to curtail lost revenue

With state revenue down more than $500 million due to COVID-19, the Department of Administrative and Finance Services have passed along a few suggestions to Governor Janet […]

Fox Bangor

Posted September 10, 2020

Tags Budget, Revenue

Taxes and Budget

RESEARCH REVIEW: State tax and budget cuts don’t boost economic activity and can cause harm

Supporters of tax cuts often claim they will directly boost economic activity. A large body of research refutes this argument. In a comprehensive review of four decades […]

MECEP

Posted August 18, 2020

Tags Budget, Economy, Recession, Revenue, Taxes

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

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

Jobs and Income

Economists say reduced unemployment benefits will worsen unprecedented revenue shortfall

In addition to action at the federal level, state lawmakers can reduce the impact of the recession by passing progressive revenue policies, explained Mario Moretto, communications director […]

Beacon

Posted August 3, 2020

Tags Coronavirus, Federal, Revenue, Unemployment

Maine’s Economy

STATEMENT: Revenue forecast shows urgent need for Congress to increase state aid

Without revenue solution, state will be forced to make deep cuts that hurt Mainers and make the recession worse AUGUSTA, Maine — Sarah Austin, the lead analyst […]

Posted July 29, 2020

Tags Coronavirus, Economy, Federal, Revenue

Taxes and Budget

Maine likely to see revenue shortfall

The Maine Center for Economic Policy is predicting a major shortfall in state revenue in the next fiscal year, a prediction that could have a significant impact […]

Fox Bangor

Posted May 8, 2020

Tags Economy, Recession, Revenue

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

REPORT: Economic downturn from Coronavirus will dwarf Great Recession, demands bold policy response

UPDATE (April 30, 2020): As confirmed cases of COVID-19 rise and the coronavirus pandemic continues to rock the economy, several of the indicators in this report have […]

Sarah Austin

Posted April 1, 2020

Tags Budget, Coronavirus, Economy, Federal, Recession, Revenue

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Proposal to close state's $538M revenue shortfall includes call for more federal support

State finance department makes recommendations to curtail lost revenue

RESEARCH REVIEW: State tax and budget cuts don’t boost economic activity and can cause harm

Tax committee chair calls for taxing wealthy to address revenue shortfall

Maine goes into austerity mode as coronavirus takes steep budget toll

Economists say reduced unemployment benefits will worsen unprecedented revenue shortfall

STATEMENT: Revenue forecast shows urgent need for Congress to increase state aid

Maine likely to see revenue shortfall

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

REPORT: Economic downturn from Coronavirus will dwarf Great Recession, demands bold policy response