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Revenue sharing bill wins final approval in Maine

2:47 PM, Feb 13, 2014   |    comments
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AUGUSTA, Maine (AP) - The Maine Legislature has given final approval to a bill that would prevent $40 million in cuts in state aid to cities and towns.

The Democratic-led House on Thursday voted 120-17 in favor of the measure. It was later approved by the Senate without a vote. It will now be sent to Republican Gov. Paul LePage's desk.

The bill takes $21 million of the rainy day fund, leaving it with about $38 million, along with $4 million from savings set aside for future income tax decreases and about $15 million in new revenue the state expects to get.

LePage spokeswoman Andrienne Bennett says the Republican governor will not sign off on any new bonds if the Legislature approves a measure that dips into the rainy day fund.

 

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