AUGUSTA – Many retirees worry they may have to sell their homes because they can’t afford the property taxes.
In what she calls an effort to reform property taxes, a state senator from Kennebec County, wants to restore state revenue sharing so municipalities will get 5 percent of sales tax revenues rather than the current two percent.
The state revenue sharing was created to assist municipalities in funding local budgets to reduce the burden on the property tax payers.
Senator Shenna Bellows, D-Manchester, said “That is what we’re hearing from people all over the state are saying, the state needs to prioritize its’ responsibilities, its’ obligations, its’ debt to the taxpayers first.”
A couple of years ago legislators felt it was necessary to reduce the amount of state money heading to towns and cities.