Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

AUGUSTA, Maine

Proposed Maine budget includes income tax hike

Continue reading below

Governor Paul LePage’s proposed state budget includes a change that would increase the tax bill of the average Mainer by $39 over the next two years. The Portland Press Herald reported that the increase would result from a two-year suspension of the state’s indexing of the individual tax rate. Indexing takes inflation into account in calculating taxes. The proposal in the governor’s two-year, $6.3 billion budget for the two fiscal years beginning July 1 would bring a projected increase of more than $8.6 million in state income tax collections during that span, and an estimated $1.5 million in subsequent years.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com