Part II: Shrewd financiers exploit unsophisticated Maine legislators on taxpayers' dime
As it has in other states, a flawed investment program thrives in Maine despite negligible returns for the low-income communities it is meant to benefit.
How sophisticated financiers used a Maine investment program they devised to wring millions of dollars in risk-free returns at taxpayer expense.
As it has in other states, a flawed investment program thrives in Maine despite negligible returns for the low-income communities it is meant to benefit.
Investors and their partnerships funneled $46,000 into lobbying and political campaign contributions for Maine legislators and the governor.
Organizations that have a stake in Maine’s New Markets tax credit program paid Maine legislators nearly $16,000 in campaign contributions since 2011.
Browse a database of the payments here.