Thursday, 17 January 2019 18:03

Policy organization releases 'Prosperity Budget' Featured

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AUGUSTA - Governor Janet Mills and her office continue to work on the state budget ahead of its due date. On Tuesday, the Maine Center for Economic Policy released its own state budget plan, focusing on prosperity.

On Tuesday, representatives from the Maine Center for Economic Policy released their prosperity budget. The proposal focuses on building a strong economy through progressive income tax reform.

 

"Over the last eight years, there really have been cutbacks at the state level which have shifted costs on to communities for education and local services," said Maine Center for Economic Policy Executive Director Garrett Martin.

 

According to Martin, the top one percent of Maine households by income pay less in state and local taxes as a share of their income than everyone else.

 

"That's one place where maybe we should be thinking about raising revenue to invest in these important services that are ultimately going to be the things that help grow our economy," said Martin.

 

Those investments would be in areas such as education, infrastructure and fully funding medicaid.

 

"We are in a moment of time where we really can fully fund our schools, we really can uphold the state's commitments to provide resources to towns for those important services that Maine people and businesses rely on," said Martin.

 

Governor Janet Mills will come out with a budget plan in less than a month and Martin hopes the ideas outlined in this report will be discussed within the legislature.

 

"There's a lot of opportunity here," said Martin. "There's a lot we can do that will be good for Maine and good for Maine people, and that in order to do that we need to have a real and practical conversation about revenue but that can be done."

 

Martin says he hopes the Maine Center for Economic Policy can be a resource for all people working on state budget issues.

 

Alex Bobbyn

Morning Anchor/Reporter
[email protected]

Alex Bobbyn joined the ABC 7 and FOX 22 news team in July of 2018.

He is a graduate of Penn State University, where he studied broadcast journalism and economics. While at Penn State, Alex served as the general manager o...