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Maine gov lets revenue sharing bill become law

5:53 AM, Feb 26, 2014   |    comments
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AUGUSTA, Maine (AP) -- A bill that will prevent $40 million in cuts to revenue sharing funds for municipalities next year has passed into law after Gov. Paul LePage took no action on it.

The Republican governor opposes the bill because it takes money from the state's rainy day fund to restore state aid to cities and towns. He says that will hurt the state's bond credit rating.

But the bill passed in both chambers earlier this month with enough votes to overturn a potential veto. The law will go into effect 90 days after the Legislature adjourns in April.

Supporters of the measure say revenue sharing has been slashed over the last several years and that communities can't handle further cuts. They warned of skyrocketing property taxes and cuts in services.

 

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