1 edition of Public revenues and the economy of Maine. found in the catalog.
Public revenues and the economy of Maine.
John F. Sly
in Augusta, Me
Written in English
|Series||Maine. Legislative Research Committee. Report to [hundredth Legislature], publication no. 100-1|
|LC Classifications||JK2874 .A3 no. 100-1|
|The Physical Object|
|Number of Pages||55|
|LC Control Number||60064018|
Maine's projected revenue is down more than $ million of the fiscal year alone. Lack of sales and use taxes during the pandemic have contributed to the loss of money. In other news related to the pandemic in Maine: ___ NEW CASES Maine public health authorities reported 14 new cases of the virus on Thursday. REPORT: Maine needs fiscal relief now to address revenue shortfall of at least $ billion - May 5, Just two months after the pandemic’s first ripples were felt in the economy, forecasters say unprecedented state revenue shortfalls jeopardize state and local budgets. read more.
preliminary data from Maine Revenue Services and Maine Department of Labor. The forecasts for and were revised upward by and percentage points, respectively, due to the reasons outlined above. The forecast for was left unchanged and the forecast for was revised downward by percentage points. Details of Public Revenue - China (People's Republic of) Details of Public Revenue - Cook Islands. Details of Public Revenue - Fiji. Economy-wide regulation. Product Market Regulation Product Market Regulation Sectoral regulation. Regulation in Network and Service Sectors
Maine faces jaw-dropping revenue shortfalls. Left unaddressed, this will spur widespread cuts in the public sector and jeopardize countless jobs and investments in things like education, health care, transportation, and other services critical to Maine’s economic recovery. More resources are needed from Congress to avoid layoffs and cuts. This webpage is where you’ll find information about the University of Maine System and its students, budget, and staff. If you can’t find what you’re looking for, please use the search box in the upper right corner of the page. Read More.
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Additional Physical Format: Online version: Sly, John F. (John Fairfield), Public revenues and the economy of Maine. Augusta, Me., Maine - Maine - Economy: Maine’s forest and waterpower resources invited exploitation during the early years of the Industrial Revolution; for a long time, skilled low-cost labour provided an advantage to textile and shoe manufacturing until those industries moved their operations to factories in lower-wage areas of the South and overseas.
Thus, Maine is a relatively poor state, with the. Office of Tax Policy Research Statistics for Taxable Sales. The taxable sales reports posted here are filtered to prevent the release of sales from store-type groups where the release of the information might identify the sales of a particular taxpayer.
Maine Real Estate Maine's Ecomonic & Business Climate. The Bureau of Economic Analysis estimates that Maine's total gross state product for was $ billion, representing a % growth rate over the previous year.
Per capital personal income in was $45, ranking 31st nationally. The increase was % over results. Tweet Maine Economy Agriculture. About 60% of Maine's agricultural revenues are derived from livestock and livestock production; 40% from crops. In terms of revenue generated, Maine's top five agricultural products are dairy products, potatoes, chicken eggs, greenhouse and nursery products, and aquaculture products.
The economy of the State of New York is reflected in its gross state product in of $ trillion, ranking third in size behind the larger U.S. states of California and New York State were an independent nation, it would rank as the 10th largest economy in the world. However, inthe multi-state, New York City-centered Metropolitan Statistical Area produced a gross.
Maine's projected revenue is down more than $ million for the fiscal year alone. Lack of sales and use taxes during the pandemic have contributed to the loss of money. Inthe arts and culture sector contributed $ billion to Maine’s economy and employed nea people, or about percent of the state’s workforce, according to the federal.
Search the world's most comprehensive index of full-text books. My library. Data extracted on: J Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page.
Maine includes the following metropolitan areas for which an Economy At A Glance table is available. Bangor, ME (Metropolitan NECTA) Lewiston-Auburn, ME (Metropolitan NECTA). The leisure and recreation industry also contributes a significant portion of the tax revenues in Maine.
In the state of Maine collected about $ mil lion in sales tax. About $ million of that total was derived as a result of visitor spending.
Accounting for income taxes and fuel taxes. the state. Maine Revenue Services said last week that tax receipts for prepared foods in June were about 35 percent below the same time last year.
Hotel and. PORTLAND, Maine (AP) — Maine's Democratic governor has directed most state department heads to come up with 10% spending cuts to address revenue lost because of the coronavirus Commission Chairman Mike Allen, of Maine Revenue Services, says the higher estimates are being driven by an expectation of increased revenues from personal income taxes.
“The consensus Economic Forecasting Committee, their new forecast that they issued on February first, is much more optimistic for and ,” Allen says.
Maine's projected revenue is down more than $ million of the fiscal year alone. Lack of sales and use taxes during the pandemic have contributed to. Co-ops in Maine: Today and Tomorrow. Today, co-ops play an important part in key corners of Maine’s economy. We see the highest potential in six sectors: 1) food, 2) affordable housing, 3) preservation of legacy businesses, 4) forest products, 5) tourism, and 6) craft manufacturing.
With food, dairy co-ops have long been central to that industry. Contact. State Economist 78 State House Station Augusta, ME Phone: () 2 hours ago Maine Voices: Power line would disrupt commercial forest.
Imported Canadian hydropower would crowd out biomass generation, hurting the state's forest economy. Maine ranks 32nd among the U.S. states and 3rd for crime & corrections, with the lowest incarceration rate. It also ranks well for health care at 19th. If Maine and its towns do not receive more federal funding, any decline in revenue must be met with spending cuts or tax increases.
Many Maine towns have yet to fully recover from austerity. The State Revenue Forecasting Committee is increasing projected tax revenues by $75 million through the rest of the two year budget.
Committee Chair Mike Allen of Maine Revenue Services says that part of that increase is tied to improved enforcement of existing sales tax laws. The economy and employment rates were on the upswing through the close of For the second consecutive year, every state experienced gains in its economy as measured by state personal income—the first time that had happened in more than 10 years.
Tax revenue. Tax revenue grew in the vast majority of states in the third and fourth quarters.Maine's projected revenue is down more than $ million of the fiscal year alone.
Lack of sales and use taxes during the pandemic have contributed to the loss of money. In other news related.