LD1, which was passed in January by the Legislature:

• Phased in over four years 55 percent state funding for Maine’s K-12 public schools;

• Increased and changed Homestead Exemption to a flat $13,000 reduction in the assessed value of a primary residence, for municipal tax purposes;

• Imposed limits on municipal, school, county and state spending;

• Changed the formula for calculating municipal revenue sharing;

• Provided fiscal incentives for regionalizing local services; and

• Expanded the “Circuit Breaker” program, which refunds money to homeowners and renters who pay more than a certain percentage of their income on property taxes or rent.


Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.