The media tells us that the Cate Street debacle is a "legal fraud" on the Maine Taxpayers indebting them to the tune of 76 million dollars. The main stream story is that the statute on which the taxpayer debt is premised was enacted during a budget meeting and that when the House and Senate approved of the budget, they also enacted the statute. Research comes up with two separate bill status for LD 1043 (HP 778) - One that states that it was enacted and signed byThe Governor.The bill text includes a summary for the New Markets Tax Credit statute. The other bill status records the vote for the House and Senate. The text for that bill status makes no mention of the New Markets tax credit.
http://bit.ly/1Gt0UqY
