Bipartisan agreement reached on proposed state budget
The $8.5 billion package, which was approved unanimously by the Legislature s Appropriations and Financial Affairs Committee on Sunday, is headed to the full Legislature for a vote on Wednesday.
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The state’s biennial budget is headed to the full Legislature for a vote on Wednesday after members of the Legislature’s Appropriations and Financial Affairs Committee reached a unanimous, bipartisan agreement on the $8.5 billion package on Sunday.
In a statement Sunday evening, Democratic leaders of the Legislature said the budget’s highlights include restoring municipal revenue sharing; expanding the property tax fairness credit to 83,000 Maine residents; strengthening the homestead exemption program; and funding 55 percent of K-12 public educations costs. It also adds $45 million to the School Revolving Renovation Fund so that schools can make critical health and safety upgrades, they said, and provides financial suppor
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“From 55 percent school funding, to full revenue sharing, to increased property tax relief, to health care, and much more, this budget makes important, meaningful, and historic progress for Maine people,” said Governor Janet Mills. “I applaud the members of the Appropriations and Financial Affairs Committee for their hard work in reaching this unanimous, bipartisan agreement.”
Below is a rundown of key budget points, shared through a news release jointly released by the offices of Senate President Troy Jackson and Speaker of the House Ryan Fecteau.
“Today, the Appropriations and Financial Affairs Committee approved a bipartisan proposal that finally makes good on our longstanding commitment to Maine schools, property taxpayers, and municipalities,” said Senate President Jackson. “It also responds to the hardships that Mainers experienced during this pandemic.”