Revenue from levies on alcohol, tobacco, marijuana and gambling have risen sharply in the last five years, and now account for $353 million a year – 7% of the state’s $5.1 billion annual budget.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Portland City Council to consider $20 minimum wage ballot proposal
Councilors will decide Monday whether to put 3 wage-related referendum questions on the Nov. 5 ballot, including a proposal that critics say would essentially eliminate tipping.
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Posted inBusiness, Maine, News
MaineHealth to change name of emergency medical ambulance services in Farmington, Norway
Hospital names rebranded to MaineHealth Franklin Hospital and MaineHealth Stephens Hospital.
Posted inBusiness, Election 2024, Nation & World, Politics
Bibles, cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income
The financial disclosures do not detail the former president’s business losses, making it impossible to determine how much of a profit any of his myriad holdings provides.
Posted inBusiness, Nation & World, Schools and Education
Biden administration hikes pay for Head Start teachers to address workforce shortage
The administration’s new rules, published Friday, will require large operators to put their employees on a path to earn what their counterparts in local school districts make by 2031.
Posted inBusiness, Kennebec Journal, Maine
Ocean State Job Lot to open new location in Augusta’s Turnpike Mall
The new location for the discount retailer fills the space of the former Christmas Tree Shops, which closed last year.
Posted inBusiness
Critics want regulatory review of CMP’s corporate takeover
Maine’s public advocate and environmentalists say a deal to take the utility’s parent company private would shield financial decisions from the public.
Posted inBusiness, Nation & World, News
U.S. drug price measure to cut costs by $7.5 billion in 2026
Senior citizens will fork out $1.5 billion less in out-of-pocket costs for ten medications.
Posted inBusiness, Nation & World, News
How a small group of nuns vexes big companies with investment activism
Among corporate America’s most persistent shareholder activists are 80 nuns in a monastery outside Kansas City.
Posted inBusiness
Potentially massive pay package for new Starbucks CEO, and he doesn’t even have to move to Seattle
Brian Niccol could make well in excess of $100 million in his first year with the company.