MADISON (AP) — Officials in a Maine town are pursuing legislation that would provide tax relief to help make up for the impact of a $150 million drop in value at a paper mill.
The Morning Sentinel reports Madison’s selectmen are seeking educational funding to mitigate the loss in tax revenue from Madison Paper Industries. Madison also appealed the town’s proposed state valuation of $491.6 million in October on the grounds that it doesn’t reflect the loss of the mill.
The topic of legislation to provide tax relief is expected to be a point of discussion during a joint meeting between Madison and Skowhegan officials on Nov. 24. Skowhegan is also considering appealing its state valuation after a $100 million value drop at Sappi Fine Paper.
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