Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Politics

Maine Legislature approves budget addendum that includes 12-week paid family leave program

by July 7, 2023
July 7, 2023
Maine Legislature approves budget addendum that includes 12-week paid family leave program

The Maine Legislature on Thursday approved a budget addendum that includes a program allowing workers up to 12 weeks of paid leave to deal with illness, to care for a relative or for the birth of a child.

Democratic Gov. Janet Mills has said she would sign the budget which includes startup costs for the paid family and medical leave program. It also includes an income tax cut for retirees and other provisions.

‘It’s not a perfect budget, but it’s a good budget. And it’s a bipartisan budget,’ said Sen. Peggy Rotundo, D-Lewiston, a co-chair of the Appropriations and Financial Affairs Committee.

The House vote fell short of a two-thirds majority needed for it to take effective immediately, so the new spending provisions would go into effect in 90 days.

The Democratic-led Legislature already approved a nearly $10 billion essential services budget along party lines in March to avert any late attempt to use a shutdown as a bargaining tactic. That budget went into effect July 1 with the new fiscal year.

The votes on Thursday were for additional proposals and amounted to about $800 million in additional spending.

That includes $25 million in startup costs for the paid leave proposal that would be funded through a payroll tax split between workers and employers and capped at 1% of wages. The benefits could be paid out for qualifying conditions, such as the birth or adoption of a child, a serious illness, care for a sick relative or transition from military deployment.

Key to the bipartisan support were several tax-related proposals including one that raised the amount of pension income that’s exempt from state income taxes from $30,000 to $35,000.

Lawmakers also included money to double an existing $200 wage stipend for childcare workers, as well as funding for the governor’s proposed Dirigo Business Tax Incentive Plan, which would replace the existing Pine Tree Development Zones.

<!–>

This post appeared first on FOX NEWS

–>

0
FacebookTwitterGoogle +Pinterest
previous post
Teens, Democrats continue push to lower voting age to 16
next post
Biden family’s rejection of Hunter’s daughter with ex-stripper could do major psychological harm, experts say

Related Posts

Marine industry files lawsuit challenging legality of federal...

September 14, 2023

White House condemns antisemitism, violent anti-Israel anarchy at...

May 1, 2024

Speaker Johnson tells Republicans campaigning against each other...

March 18, 2024

Trump reacts to ‘abuse’ by DOJ: ‘This is...

July 28, 2023

GOP presidential contender Tim Scott to hit airwaves...

July 6, 2023

Biden and his team killed my plan to...

December 19, 2023

Trump ties latest Hunter revelations to Biden inaction...

June 25, 2023

Biden’s 2024 advantage: An alliance of elites rigging...

March 7, 2024

Bernie Sanders leads lawmakers demanding DOJ prosecute fossil...

August 1, 2023

Several House Republicans urge lawmakers return to DC...

July 31, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • What Happens Next for the S&P 500? Pick Your Path!

    • Is It Time to Lower Our Market Expectations?

    • Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement

    • Tech 5: NVIDIA Hits Market Cap Milestone, Harmonic Raises US$100 Million

    • Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC’s Toodoggone District

    • Apollo Silver Enters into Investor Relations Agreement

    Categories

    • Business (1,289)
    • Investing (2,672)
    • Politics (3,699)
    • Stocks (1,719)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved