Maine Senate backs $40M revenue sharing measure
AUGUSTA, Maine (AP) — Maine's Democratic-led Senate has given initial approval to a bill that would prevent $40 million in cuts to revenue sharing next year.
Supporters of the revenue sharing bill given a 33-2 vote Tuesday say it's necessary to prevent property tax hikes. They say towns that are planning their budgets now need to know how much money they're getting from the state.
Some Republicans say Democrats are moving forward with the bill too quickly and should wait until the state gets more information about incoming revenues.
The measure faces further votes in the House and Senate before being sent to Republican Gov. Paul LePage.
Maine Municipal Association says cities and towns will only receive about $20 million next year if these cuts go through, which would cause property taxes to skyrocket.