August 4, 2025
State House News Items
Property Tax Study – Information can be found here (as it becomes available) on a potentially comprehensive legislative study of property taxes in Maine and options for reform and relief: https://legislature.maine.gov/real-estate-property-tax-relief-task-force
Insurance Law Changes – 2025 Legislative Changes Affecting Insurance In Maine, Bulletin 485, is available on the Bureau of Insurance website. www.maine.gov/pfr/insurance/legal/bulletins
Paid Family & Medical Leave – Updated Frequently Asked Questions (FAQ) documents for employers and employees are available on the Bureau of Paid Family & Medical Leave website. www.maine.gov/paidleave/
State Budget Ends Fiscal Year with Surplus – Gov. Janet Mills announced August 1 the Fiscal 2024-25 General Fund budget ended with a surplus of $150.2 million and that the Rainy Day Fund has climbed to over $1 billion. State Treasurer Joe Perry also announced Fitch Ratings has upgraded the State’s bond rating to AA+. www.maine.gov/governor/mills/
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