Mills’ budget proposal would tax Paycheck Protection Program funds as income

state budget

Published
January 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.
Published
January 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.
Published
January 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.
Published
September 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.
Published
September 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.
Published
September 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.
Published
July 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.
Published
May 19, 2020

State tax revenues drop as COVID-19 tightens grip on Maine economy

A monthly report from state tax collectors shows parts of Maine's economy reeling amid the pandemic.
Published
March 3, 2020

Party lines emerge in Legislature over $127 million spending proposal

As lawmakers examine the supplemental budget offered by Gov. Janet Mills in February, Republicans on the Health and Human Service Committee are balking at some of the spending proposals.
Published
February 17, 2020

Priorities differ as lawmakers begin debate on governor’s $126 million budget plan

Republicans want more focus on repairing roads and bridges; Democrats want to add staff and improve programs for disadvantaged residents.