As some of you may know, last year was a hectic year for attempting to budget, especially with the Governor's proposed 2-year budget plan. At the time, we stood to lose all of our Maine Revenue Sharing monies, which would have meant a loss of income of approximately $75,000 a year for Bradford. This would have amounted to an increase of between one and one and a half mils just accounting for the loss in Maine Revenue Sharing alone. As it was, we lost approximately 50% of our Maine Revenue Sharing. Once the Governor's budget was voted on, we breathed a big sigh of relief that we didn't lose it all, and only a little less than half. Overall, our Town's mil rate did increase by 1.5 mils due to other factors in the Town's budget, as well as the loss of the Maine Revenue Sharing income. What we didn't know at the time was that the second year of the approved budget once again puts Maine Revenue Sharing income in jeopardy. If the proposed budget for FY2015 stays as written, then Town's will lose what little remains of their Maine Revenue Sharing income. For the Town of Bradford, that could mean a loss of approximately $44,000, which is close to an increase of another mil. One way you can help is to contact your representatives in Augusta and tell them to not take State budget monies from the money that is designated for Towns. You can find more information here: http://www.mainerevenuesharing.com.
Thank you for your help.