Bellows submits bill to fully restore revenue sharing
AUGUSTA — Legislation introduced by Sen. Shenna Bellows, D-Manchester, would restore Maine revenue sharing to 5 percent. LD 444, “An Act To Fully Restore Revenue Sharing,” received a public hearing before the Legislature’s Taxation Committee on Tuesday.
“All over the state, including in my own community, the property tax burden has skyrocketed out of control,” said Sen. Bellows. “Our towns try to squeeze as much water from the stone as they can, but given Augusta’s failure to pay the towns and cities what they’re owed, local officials are often forced to make painful cuts, raise property taxes, or both.”
The decrease in state revenue sharing from 5 percent to 2 percent over the past few years has had a drastic effect on Maine communities and their ability to provide services to their residents. LD 444 would restore revenue sharing to 5 percent immediately, rather than incrementally over a few years.
The bill faces further action in the committee and votes before the Maine Senate and House.