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Maine’s Pool of Money From Taxes on Home Sales Is Growing. How Is It Being Used?
The higher levy is expected to raise $17 million in its first year for a new housing fund as Maine’s luxury-home market keeps growing.
Summary by Winnipeg Free Press
10 Articles
10 Articles
Associated Press News+8 Reposted by 8 other sources
Maine’s pool of money from taxes on home sales is growing. How is it being used?
A tax generated by property sales helps power Maine’s various affordable housing initiatives, including a program that assists first-time home buyers and another to prevent foreclosures.
·United States
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How is money from taxes on Maine home sales being used?
A sale pending sign outside a house in Bath. Photo by Pat Wellenbach of the Associated Press.A tax generated by property sales helps power Maine’s various affordable housing initiatives, including a program that assists first-time home buyers and another to prevent foreclosures. Lawmakers are considering adding a new initiative to the list: funding homeless shelters. But deciding how to allocate the money is complicated. The real estate transfe…
Coverage Details
Total News Sources10
Leaning Left6Leaning Right0Center4Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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