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PublishedMarch 5, 2021
Deal on state tax exemption implodes as Republicans balk at supplemental budget
Democrats support a bill to reduce tax liability for businesses and individuals who received federal COVID-19 relief loans or benefits, but Republicans are pushing for more.
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PublishedFebruary 25, 2021
Maine tax revenues ahead of forecasts, despite pandemic’s impact
Finance commissioner Kirsten Figueroa said revenues for January were nearly $90 million more than predicted and up by more than $154 million for the first 7 months of the current fiscal year.
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PublishedFebruary 17, 2021
Gov. Mills to deliver a virtual ‘state of the budget’ address
The governor says she'll use the speech to honor those who've lost their lives during the pandemic, discuss the impact of the health crisis on the state, and share her vision for economic recovery.
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PublishedJanuary 25, 2021
Mills’ budget proposal would tax Paycheck Protection Program funds as income
The Legislature's tax and budget committees met Monday to hear testimony on a set of proposals by Gov. Janet Mills that could leave some businesses paying state taxes on loans exempt from federal taxes.
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PublishedJanuary 8, 2021
Gov. Mills proposes $8.4 billion, 2-year budget that doesn’t raise taxes
The budget adds to the state's 'rainy day' fund despite the impact of COVID-19 on state revenues.
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PublishedJanuary 7, 2021
Mills’ next budget in balance without tax hikes, despite revenue losses
The budget that Gov. Janet Mills will submit to the Legislature on Friday would maintain critical government services at a time when they are needed most, says Finance Commissioner Kirsten Figueroa.
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PublishedSeptember 23, 2020
Maine tax revenues ‘better than anticipated’ during COVID, but still not good
Spending on hotels, restaurants and fuel didn't decline as much as state officials expected, helping Maine end August $34 million over budget, which is better than revenue forecasters had predicted.
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PublishedSeptember 9, 2020
Mills administration proposes hiring freeze, spending cuts to offset revenue lost to pandemic
The plan proposes a hiring freeze and delaying technology upgrades to help make up for more than $500 million in revenue losses.
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PublishedSeptember 1, 2020
Mills gives state agencies more time to propose cuts as shortfall looms
Facing a revenue shortfall of more than $500 million, Gov. Janet Mills gives agencies 7 more weeks to submit new budgets, while hoping Congress delivers more pandemic aid to states.
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PublishedJuly 29, 2020
Maine state budget facing COVID-19 shortfalls of $1.4 billion over next 3 years
What the state gained in revenue on taxable grocery store items and building supplies when the pandemic hit didn't come close to making up for what it lost in sales tax because restaurants and lodgings were shuttered.
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