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Income tax lends to strong economic forecast

The state's revenue is projected to increase by $45.5 million for the current fiscal year as a result of improved revenues from individual and corporate income taxes. 

Towns eye tax relief due to revaluations of mills

Madison selectmen have scheduled a meeting on Nov. 24 with Skowhegan selectmen to discuss the possibility of pursuing legislation seeking tax relief from the state to help both...

Feds close cod fishing in Gulf of Maine

Large areas of the Gulf of Maine will be closed to cod fishing, federal regulators announced on Monday. The closures, due to take effect later this week, are in response to continuing...

Farmington natural gas expansion up in the air

Farmington town officials are expected to discuss the uncertainty that now faces a planned natural gas expansion that has been delayed.

University seeking alternatives to Summit

A Maine university that has been expected to become one of two anchor customers for a natural gas expansion in western Maine said it is exploring alternative energy sources in light...

NewPage plans to sell its only Maine mill

NewPage has reached an agreement to sell its only paper mill in Maine, along with a mill in Wisconsin, to Canada-based Catalyst Paper for $74 million.

Bookkeeper pleads guilty to embezzlement

A New Hampshire woman has pleaded guilty to two charges after embezzling more than $740,000 from Norway-based Grover Gundrilling Inc., her former employer.

Well-known economist leaving Maine

Charlie Colgan, a well-known economist who had served on the state’s economic forecasting panel for nearly two decades, is leaving Maine after losing his faculty position at...

Jay couple seeks partners to redevelop mill

The owners of the Otis Falls Mill in Jay are seeking investors and a developer to help them redevelop the former paper mill, possibly opening it up for use by the movie...

PUC approves Nestlé-Fryeburg water deal

The Maine Public Utilities Commission has approved a long-term contract allowing the bottler of the Poland Springs brand to buy water from Fryeburg Water Co.