The Maine Public Broadcasting Network
Listen Live
Classical 24
Search
Maine Cities, Towns Call for Revenue Sharing Funds
01/22/2014 12:11 PM ET  

Maine's Appropriations Committee is considering a measure that would restore $40 million in municipal aid next year.

AUGUSTA, Maine (AP) _ Officials from Maine's cities and towns say their budgets can't handle a further reduction in municipal revenue sharing.

Maine's Appropriations Committee is considering a measure on Wednesday that would restore $40 million in municipal aid next year. The funds could be cut if lawmakers fail to find savings in the tax code.

The Maine Municipal Association says that would make revenue sharing to fall to just $20 million next year and cause property taxes to skyrocket.

But Republican Gov. Paul LePage's administration is raising concerns about some of the ideas to pay for it.

Administrative and Financial Services Commissioner Sawin Millett says dipping into the rainy day fund, currently at about $60 million, will hurt the state's credit ratings.


ReturnReturn!



Become a Fan of the NEW MPBNNews Facebook page. Get news, updates and unique content to share and discuss:

Recommended by our audience on Facebook:
Copyright © 2014 Maine Public Broadcasting Network. All rights reserved.