Summary
The Legislature got partway toward serious tax reform this week when a bipartisan group of lawmakers and the Maine Municipal Association agreed to property-tax relief and, possibly, spending restraint. The plan, an outline, really, is not yet complete, but the absence of a means for paying for the tax relief will soon kill it unless a means quickly appears.
The essential components of reform produced by what was known as the Working Group would increase state education subsidies to an overall 55 percent by 2010, starting with a $40 million increase in General Purpose Aid to Education. It would follow the new Essential Programs and Services model for funding levels. It put up for discussion but did not reach conclusions on "homestead tax relief proposals, revenue sharing reform, realignment of the state's major revenue sources, costs savings through regionalization and spending growth limitations at all levels of government."See the full content of this document
Extract
A New Export
These are approximately where all other serious reforms have landed, and if legislative Republicans and Demo-cr...
See the full content of this document
Sponsored links
