HARRISON — Voters will be asked to approve a $6.4 million budget when the annual town meeting gets under way Wednesday, June 12. Action on the 25-article warrant starts at 6:30 p.m. at the Harrison Elementary School on Naples Road. Town Manager George “Bud” Finch, said the proposed 2013-14 budget is increasing $223,142, or 3.6 […]
tax
Posted inBusiness, Maine, sj-web
No agreement on whether proposed tax increase would hurt Maine’s tourism industry
BAR HARBOR — The most recent $6.3 billion biennial budget proposal would fill at least some of the cuts proposed by Gov. Paul LePage by temporarily increasing sales, lodging and meal taxes. That would create millions of dollars of additional revenue, but what would it mean for tourism in vacationland? A little perspective: The proposed […]
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Lawmakers get first look at bill that overhauls Maine’s tax system
AUGUSTA — A bill that would make sweeping changes to the way Maine collects taxes on income, sales and property received a mixed reaction from members of the Legislature’s Taxation Committee Tuesday. The bill, LD 1496, is the effort of a panel of 11 lawmakers who have been dubbed the “Gang of 11” at the […]
Posted inAdvertiser Democrat, Maine, The Franklin Journal
Bipartisan tax reform proposal draws bipartisan opposition
AUGUSTA — More details on a bipartisan proposal to overhaul Maine’s tax system came out Wednesday, but so did bipartisan opposition to the plan that would increase and expand the state’s sales tax. “I’m going to vehemently oppose this,” Sen. Troy Jackson, D-Allagash, said Wednesday after a news conference on the measure. Jackson, the Senate’s […]
Posted inMaine, sj-web
Maine lawmakers poised to unveil tax overhaul
AUGUSTA (AP) — A bipartisan group of Maine lawmakers is proposing a dramatic overhaul of the state’s tax system that includes cutting the state’s income tax rate in half. The proposal also includes raising sales and excise taxes and eliminating exemptions. The coalition has been working for several months to craft the bill. The proposal […]
Posted inBusiness, Maine, Nation / World, New England, sj-web
Tax bills for rich families approach 30-year high
WASHINGTON — The poor rich. With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates. President Barack Obama and Democratic leaders in Congress say […]
Posted inFranklin, The Franklin Journal
Property owners, renters stand to lose under proposal
JAY — If the governor’s proposal to raise the eligibility age for the state “circuit breaker” program is approved, 169 Jay households would not get a combined $51,678, Town Manager Ruth Cushman said. If Gov. Paul LePage’s budget proposal is approved, it would be for people 65 and older who meet the income guidelines, she […]
Posted inMaine, sj-web
Bangor resident plans to fight stormwater fee through referendum
BANGOR — A group of Bangor residents plans to challenge the city’s stormwater utility fee residents and businesses will begin paying in April. During a public meeting about the utility Wednesday night, Ken Wicks of Lincoln Street pointed out two recent federal court decisions that he says nullify the U.S. Environmental Protection Agency’s ability to […]
Posted inAdvertiser Democrat, Connections
AARP offers income tax assistance
BRIDGTON/FRYEBURG — IRS trained and certified AARP tax-aid specialists will begin service at the Bridgton Community Center, 15 Depot St., on Friday, Feb. 1, and will continue every Friday through April 5. Appointments may be made at 647-3116. This service is also available at the Fryeburg Library, 515 Main St., Fryeburg, on Mondays beginning Feb. […]
Posted inMaine, sj-web
LePage addresses Mainers about tax cuts through YouTube video
Titled “The Truth About Tax Cuts,” the five-minute video features LePage responding to questions posed by his press secretary, Adrienne Bennett. Both label the tax cuts enacted by the Republican-led 125th Legislature “the largest tax cut in Maine history.” Democrats have criticized the tax package because it leaves to the new Legislature the task of […]