41,600 Mainers are working part-time because of the bad economy

January 31, 2014 by

41,600 Maine people with jobs are part-time workers who want more work but can’t find it, according to data released today by the US Bureau of Labor Statistics. The share of employed Mainers who are working part-time because of poor economic conditions is 6.5%, 6th highest in the nation. Maine’s decline since 2009 in the number of these “involuntary part-time workers” has been very slow.

As a result, Maine’s … Read the rest

Maine income tax revenue is down from last year and on pace to fall short of 2000-2001 levels

January 15, 2014 by

Halfway through fiscal year 2014, the latest available data from the State Controller shows that general fund income tax revenue is down 3.2% ($22 million) compared to the first six months of FY 2013. After adjusting for inflation, income tax revenue this year is on pace to be lower than fourteen years ago, at the top of the stock bubble in 2000 and 2001.

This year’s decline in income tax … Read the rest

Expensive Medicaid Report Relies on Unrealistic Poverty Projection

January 14, 2014 by

The Alexander Group, a consulting firm that the LePage administration paid over $900K (using state and federal funds) to produce a report on the feasibility of expanding MaineCare/Medicaid under the Affordable Care Act, claims that Maine taxpayers will shell out $15.3 billion dollars over the next ten years if Maine chooses to accept federal funding to provide health insurance to tens of thousands of low-income Mainers.

But the Alexander … Read the rest

Let’s remove obstacles to needed economic investments

January 8, 2014 by

bonds_smallThe legislature’s appropriations committee today is listening to the public’s opinion on two bills that, if passed, would direct the governor to carry out the will of Maine voters.

The proposed bills are: An Act to Amend the Laws Governing the Issuance of Bonds That Have Been Ratified by the Citizens of the State (L.D. 138) and An Act to Clarify When Bonds May Be Issued (L.D. 904).  … Read the rest