AUGUSTA — State lawmakers on the budget-writing Appropriations Committee are gaining steady ground as they work to create a supplemental budget that will balance spending and revenues for 2014 and 2015. The Maine Constitution requires a balanced budget, and without a supplemental budget offering from Republican Gov. Paul LePage, the committee has been left largely […]
tax
Posted inMaine, sj-web
Pink paper glitch triggers accidental mailing of 1,000 bogus tax collection letters to Mainers
AUGUSTA — If you received a letter from Maine Revenue Services in the past week saying you owed back taxes or other money to the state, don’t panic. An error in the finance department’s central printing service resulted in 1,000 tax collection letters sent that were never meant to be delivered. Maine Revenue Services was […]
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Posted inMaine, sj-web
Maine college grads missing out on overlooked student loan tax credit program
AUGUSTA — It’s been more than five years since Maine created tax credits for college graduates who remain in the state to work, but only a fraction of graduates take advantage of the program because of the state’s failure to effectively market it, lawmakers and advocates say. Lawmakers heralded the Educational Opportunity Tax Credit as […]
Posted inRiver Valley
Peru voters approve revaluation referendum
PERU — Residents voted 158-142 Tuesday to allow the Board of Selectmen to take $40,000 from the revaluation reserve account and money from surplus to hire an independent appraiser in 2014, Town Clerk Vera Parent said. The referendum question asked residents whether or not they wished to allow the town to take $40,000 from the […]
Posted inFranklin, The Franklin Journal
County to pickup tab for incorrect tax form
FARMINGTON — Franklin County commissioners voted 2-1 Tuesday to reimburse a retired employee $353.38 due to an incorrect W2 form. Commissioner Gary McGrane of Jay opposed the vote. Shannon Smith of Wilton, who represented her husband, Albert Smith, requested the reimbursement. Her husband had worked for the Franklin County Sheriff’s Department for 38 years, including […]
Posted inLewiston-Auburn
Newspaper sales tax
Gov. Paul LePage first proposed applying the 5 percent sales tax to newspapers and other periodicals. The Legislature approved increasing the overall sales tax to 5.5 percent. The governor vetoed this budget, but his veto was overridden. The information was unclear in a story Tuesday.
Posted inLewiston-Auburn
Turner tax rate goes up
TURNER — Selectmen on Tuesday raised the tax rate 76 cents, to $15.74 per $1,000 of property value for 2013-14. The increase was attributed to the Regional School Unit 52 assessment going up by $202,717 and state revenue-sharing going down by $51,764. Selectmen decided to allocate $200,000 from the town’s unappropriated fund balance to help […]
Posted inBusiness, Nation / World, sj-web
IRS issues tax rules for married gay couples
WASHINGTON — The government on Thursday said that all legally married gay couples will be able to file joint federal tax returns even if they reside in states that do not recognize same-sex marriages. The decision came in rules issued by the Treasury Department and the Internal Revenue Service designed to implement the tax aspects […]
Posted inFranklin, The Franklin Journal
Jay tax rate expected to increase
JAY — Selectmen are scheduled to set the tax rate for 2013-14 at their Monday night meeting. The rate will have to go up, but not dramatically, Town Manager Ruth Cushman said. Last year’s rate was $13.75 per $1,000 of value. The new rate will increase by less than 50 cents, she said. The reason […]
Posted inLewiston-Auburn
Auburn School Committee to consider budget that won’t raise taxes
AUBURN — The School Committee will consider a budget next week that would not raise property taxes, Superintendent Katy Grondin said Thursday. Voters rejected school budgets on June 11 and July 23. By state law, the soonest the third vote can take place is Aug. 20, City Manager Clinton Deschene said. Under that schedule, the […]