AUGUSTA — The state expects tax revenue to increase in the next two fiscal years. The Maine Revenue Forecasting Committee forecasted Thursday that the general fund will increase about $12.86 million in fiscal year 2014 and $7.77 million in fiscal year 2015. “This is a sign that the economy is improving, but there is much […]
budget
Posted inFranklin, The Franklin Journal
Draft of Unorganized Territory budget to be reviewed
FARMINGTON — A preliminary 2014-15 budget for the Unorganized Territory in Franklin County reflects a $251,580 decrease from the current budget. The lower budget is mainly due to $150,000 being proposed for paving compared to $450,000 this year. Franklin County commissioners received a rough work estimate of improvements in 2012 that are needed on the […]
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Posted inFranklin, The Franklin Journal
Livermore Falls selectmen to discuss defeated budget on Nov. 18
LIVERMORE FALLS — Town Manager Kristal Flagg said she is unsure how the Board of Selectmen will proceed on the proposed administration budget that voters defeated for the third time Tuesday. The board will discuss the matter at its meeting at 6:30 p.m. Nov. 18 at the Town Office. Voters opposed raising $197,861 for the […]
Posted inBusiness, sj-web
Maine elver fishery to face harvest cuts in 2014
PORTLAND (AP) — Maine’s lucrative glass eel fishery will be allowed to remain open next year as long as state officials devise a plan to cut its 2014 catch by at least 25 percent, regulators agreed Wednesday. The Atlantic States Marine Fisheries Commission’s eel management board voted to postpone passing new regulations that would go […]
Posted inNation / World, sj-web
King joins budget conference committee
WASHINGTON — The budget deal that ended the federal government shutdown and avoid default on the national debt also created a budget conference committee that now has Maine Sen. Angus King as a member. The budget conference committee is made up of U.S. Representatives and Senators from both parties and tasked with coming up with […]
Posted inMaine, sj-web
LePage spokesman explains $47 million ‘surplus’ in governor’s speech
AUGUSTA — A statement made by Gov. Paul LePage about a $47 million “surplus” had Democrats and others in Augusta scratching their heads Wednesday morning. In a talk given to a conservative women’s group on Monday, LePage said Maine’s economy was looking good: “The economy as a whole is actually doing pretty well. I don’t […]
Posted inNation / World, sj-web
Obama signs bill to avert default, open government
WASHINGTON (AP) — President Barack Obama has signed a measure into law reopening the federal government and averting a potential default. The White House says Obama signed the bill early Thursday, hours after the House gave final approval. The White House budget office has already instructed federal workers to plan to return to work Thursday […]
Posted inNation / World, sj-web
U.S. House to vote on budget and debt limit Tuesday night
WASHINGTON — Time growing desperately short, House Republicans pushed for passage of legislation late Tuesday to prevent a threatened Treasury default, end a 15-day partial government shutdown and extricate divided government from its latest brush with a full political meltdown. There was no immediate reaction from the White House to the measure, which was revised […]
Posted inNation / World, sj-web
Shutdown deal in sight? Reid, McConnell optimistic
WASHINGTON (AP) — Racing the clock, the Senate’s Democratic and Republican leaders closed in on a deal Monday night to avoid an economy-menacing Treasury default and end the two-week partial government shutdown. “We’ve made tremendous progress,” Senate Majority Leader Harry Reid declared after an intense day of negotiations with Senate Republican leader Mitch McConnell and […]
Posted inNation / World, sj-web
Budget default looming
WASHINGTON — Republicans and Democrats in Congress lumbered through a day of political maneuvering Saturday while a threatened default by the Treasury crept uncomfortably closer and a partial government shutdown neared the end of its second week. “We haven’t done anything yet” by way of compromise, Majority Leader Harry Reid, D-Nev., said after Senate leaders […]