Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.
Maine 2018 Revenue Lost to Tax Abatement Programs
Population in 2018 : not available
Concerned about the lack of disclosure? We have created institutional schematics for the implementation of GASB Statement No. 77 on Tax Abatement Disclosures in the 50 states and DC: Learn who's in charge of compliance in our ROADMAP PROJECT. You can also get a CSV file of the localities in ME that did not make any tax abatement disclosures in their annual financial reports.
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Employment Tax Increment Financing (TIF)||Job creation/retention||$13,326,078|
|New Market Capital Investment Tax Credit||Business incentive||$15,443,152|
|Pine Tree Development Zone Tax Credit||Business incentive||$2,783,415|
|TABULATED STATE-LEVEL TOTAL||$31,552,645|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
|Reporting Jurisdiction||Jurisdiction Type||Gross Revenue Loss|
|TABULATED LOCALITY AND DISTRICT TOTAL||$11,818,074|
Local government reporting rate
We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.
For Maine, the estimated reporting rate is as follows:
Cities/counties: 20 out of 37 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 2 out of 53 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.