MECEP: Eliminating Maine's Income Tax "Will Tear a $1.7 Billion Hole" in Future Budgets, "Puts Funding for Schools and Other Vital Services at Risk"

Augusta, Maine (Tuesday, May 5, 2015) “Gov. LePage’s proposed constitutional amendment to end Maine’s income tax is a huge giveaway to Maine’s wealthiest residents that will put funding […]

Posted May 5, 2015

Tags Budget, Income Tax, Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Bill to Plug Corporate Tax Haven Loopholes Would Recover $5 Million Annually in Lost State Revenues

LD 341 would help stop tax haven abuse and the erosion of Maine’s tax base by multi-national corporations doing business here Augusta, Maine (Monday, March 9, 2015) The […]

Posted March 9, 2015

Tags Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Maine’s Highway Fund is in Serious Trouble

Maine’s highway fund has nowhere near enough money coming into it to meet the state’s basic transportation needs, according to the biennial revenue and expenditure projection released […]

Joel Johnson

Posted November 10, 2014

Tags Revenue, Taxes

Taxes and Budget

State revenue in FY 2014 was slightly higher than expected but 2011 tax cuts keep revenues well below pre-recession levels

Total General Fund revenue for the state fiscal year ending in June 2014 was $3,113,496,933, which was $39 million (1.3%) more than expected, according to the revenue […]

Joel Johnson

Posted August 1, 2014

Tags Revenue, Tax Breaks, Taxes

Taxes and Budget

State Income Tax Revenue Falls as Bill for 2011 Income Tax Cuts Comes Due

Four years after Maine Revenue Services (MRS) and the Legislature’s nonpartisan fiscal office put a $166 million price tag on Governor LePage’s income tax cut, an enormous […]

Joel Johnson

Posted June 11, 2014

Tags Budget, Revenue, Taxes

Taxes and Budget

Testimony at Hearing on L.D. 1664, An Act To Encourage Charitable Contributions to Nonprofit Organizations

Since 2011, Maine’s tax code has gotten less, not more, fair. Reductions to the top income tax rate and changes to the estate tax cut taxes significantly […]

MECEP

Posted January 22, 2014

Tags Revenue, Taxes

Taxes and Budget

Maine income tax revenue is down from last year and on pace to fall short of 2000-2001 levels

Halfway through fiscal year 2014, the latest available data from the State Controller shows that general fund income tax revenue is down 3.2% ($22 million) compared to the […]

Joel Johnson

Posted January 15, 2014

Tags Revenue, Taxes

Taxes and Budget

State Revenue Reality Check

State General Fund revenue for the two-year period that began in July 2013 (Fiscal Years 2014 and 2015) will be about $20.6 million (0.3%) higher than previously […]

Joel Johnson

Posted December 9, 2013

Tags Revenue, Taxes

Taxes and Budget

MECEP Urges Appropriators to Consider All Revenue Options to Balance the State’s Budget

“There are better options than shifting costs to property taxpayers” Augusta, Maine (Wednesday, June 5, 2013) Garrett Martin, executive director of the Maine Center for Economic […]

Posted June 5, 2013

Tags Budget, Revenue

Taxes and Budget

5 Ways to Solve Maine’s Budget Crisis and Prevent Property Tax Increases

Legislators are working to close a $938 million budget gap that is the result of the worst recession since the Great Depression and unpaid-for tax cuts that […]

Garrett Martin

Posted May 20, 2013

Tags Budget, Property Tax, Revenue, Tax Fairness, Taxes

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MECEP: Eliminating Maine's Income Tax "Will Tear a $1.7 Billion Hole" in Future Budgets, "Puts Funding for Schools and Other Vital Services at Risk"

Bill to Plug Corporate Tax Haven Loopholes Would Recover $5 Million Annually in Lost State Revenues

Maine’s Highway Fund is in Serious Trouble

State revenue in FY 2014 was slightly higher than expected but 2011 tax cuts keep revenues well below pre-recession levels

State Income Tax Revenue Falls as Bill for 2011 Income Tax Cuts Comes Due

Testimony at Hearing on L.D. 1664, An Act To Encourage Charitable Contributions to Nonprofit Organizations

Maine income tax revenue is down from last year and on pace to fall short of 2000-2001 levels

State Revenue Reality Check

MECEP Urges Appropriators to Consider All Revenue Options to Balance the State’s Budget

5 Ways to Solve Maine’s Budget Crisis and Prevent Property Tax Increases