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Tax increment financing in the state of Maine allows a town or city to define, after applying to the state, a certain region or business within its borders as a TIF district. The local tax revenues generated by that district are, one, dedicated to a specific project or economic development fund, and two, are not counted towards the municipality ...
Maine is divided into 16 counties and contains 482 municipalities consisting of cities, towns, and plantations. [2] In Maine, a plantation is an organized form of municipal self-government similar to but with less power than a town or a city.
Since the 1970s, the following factors have led local governments (cities, townships, etc.) to consider tax increment financing: lobbying by developers, a reduction in federal funding for redevelopment-related activities (including spending increases), restrictions on municipal bonds (which are tax-exempt bonds), the transfer of urban policy to ...
Aug. 6—Federal auditors have accused Maine of diverting $2.6 million in federal grants meant to fund popular fishing, hunting, and wildlife protection programs into its underfunded pension and ...
Home rule in the United States relates to the authority of a constituent part of a U.S. state to exercise powers of governance; i.e.: whether such powers must be specifically delegated to it by the state (typically by legislative action) or are generally implicitly allowed unless specifically denied by state-level action.
The Maine Municipal Bond Bank is a Local Government Funding Agency created in 1973 to issue bonds, enabling it to lend to counties, municipalities, school districts, utility districts and other government organizations within the state of Maine. [1]
Eastport, Maine – to investigate potential tidal power and microgrid potential; Islesboro, Maine – to increase the community's energy efficiency, renewable energy potential, and energy storage, and to improve self-sufficiency in municipal and residential structures instead of depending on the mainland for resources
The Maine Development Foundation serves as the coordinating program for Maine. In August 2018, Main Street Maine communities launched a website to share authentic Maine downtown experiences, featuring businesses and attractions in each city and town with the National Main Street designation.