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  KEEPING PROMISES ON PROPERTY TAX RELIEF Restores revenue sharing: The budget makes good on the state’s commitment to our city, towns, and municipalities by fully investing in revenue sharing by the end of the biennium. This influx in funds to local municipalities will help stabilize property taxes by shifting the cost of essential services off of property taxpayers. The budget raises municipal revenue sharing from 3.75% to 4.5% in Fiscal Year 22 and 5 percent in Fiscal Year 23. Expands Property Tax Fairness Credit to 83,000 Mainers: The budget improved the Property Tax Fairness Credit, providing a one-time boost in the maximum benefit from $750 to $12,000 for income-eligible families, and $1,000 to $1,500 for seniors. The budget permanently changes eligibility for the program to provide property tax relief or rent relief to 83,000 Mainers.

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