Maine lawmakers ink late-night tax reduction deal, averting one other partisan price range

AUGUSTA, Maine — Maine lawmakers got here to a late tax reduction deal early Wednesday, when the Legislature’s price range committee almost unanimously superior a spending bundle at a tough price of greater than $800 million.

One-party budgets have been on the verge of changing into a brand new normal within the State Home after Democrats handed a $9.9 billion bundle in March on the heels of one other one two years earlier. Over the weekend, it seemed like Democrats have been planning to bypass Republicans after they took a sequence of votes on a proposed addition to that price range.

By the tip, Democrats agreed to incorporate a number of bipartisan initiatives in a significant breakthrough. Chief amongst them was a invoice from Home Minority Chief Billy Bob Faulkingham, R-Winter Harbor, that will elevate Maine’s pension exemption from $30,000 to $35,000, then proceed elevating it into the long run based on the utmost Social Safety profit.