Law Necessary News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We asked the candidates in the June 11 primary about themselves, and the actions of the last Legislature. Here are their answers.

  KEEPING PROMISES ON PROPERTY TAX RELIEF Restores revenue sharing: The budget makes good on the state’s commitment to our city, towns, and municipalities by fully investing in revenue sharing by the end of the biennium. This influx in funds to local municipalities will help stabilize property taxes by shifting the cost of essential services off of property taxpayers. The budget raises municipal revenue sharing from 3.75% to 4.5% in Fiscal Year 22 and 5 percent in Fiscal Year 23. Expands Property Tax Fairness Credit to 83,000 Mainers: The budget improved the Property Tax Fairness Credit,...

  KEEPING PROMISES ON PROPERTY TAX RELIEF Restores revenue sharing: The budget makes good on the state’s commitment to our city, towns, and municipalities by fully investing in revenue sharing by the end of the biennium. This influx in funds to local municipalities will help stabilize property taxes by shifting the cost of essential services off of property taxpayers. The budget raises municipal revenue sharing from 3.75% to 4.5% in Fiscal Year 22 and 5 percent in Fiscal Year 23. Expands Property Tax Fairness Credit to 83,000 Mainers: The budget improved the Property Tax Fairness Credit,...

Plans by states, including Maine, to tax PPP loans are creating a backlash from businesses. Under the budget proposal from Gov. Janet Mills, loans proceeds under the federal Paycheck Protection Program would be taxed as ordinary income. States would use such taxes to compensate for revenue lost in other areas in the past year.  If that part of the budget is approved, Maine could see revenue of $100 million. The Maine State Chamber of Commerce is among the organizations that have weighed in against that idea, testifying before the state Legislature. Dana Connors, president and CEO of the cha...