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City manager highlights revenue drivers: excise taxes, revenue sharing and pending BETE impacts
Summary
Bangor staff told the council excise-tax estimates remain near $7 million, revenue sharing is increasing this cycle, and state reimbursement programs such as BETE and homestead reimbursements are producing complex effects as valuations and mill rates shift; the council asked about the impact of GE equipment and franchise-fee declines.
City Manager Deb Lohrey reviewed general-revenue assumptions at a Bangor City Council budget workshop, explaining that certain receipts are treated as general revenue rather than department-specific income.
Lohrey said excise-tax receipts remain relatively flat and cited an estimate of about $7 million in excise revenue. She said the city is seeing a substantial increase in revenue sharing this year but…
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