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Maine Capitol Update

Maine Capitol Update

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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