Summary
NEWPORT - As revenues dry up, excise taxes slow to a trickle and school budgets appear headed for an increase, Newport is just like many other Maine communities: hurting financially.
"It's a horrible situation," Town Manager James Ricker told the Board of Selectmen on Wednesday night.See the full content of this document
Extract
Newport Freezes Spending As Revenues Decline
Ricker said the town took in $464,000 in excise taxes by this point last year. "We are $53,000 off that mark," he said. If the trend continues, that revenue stream could be $75,000 to $100,...
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