LD 1833, Resolve, Relating to the State Valuation for the Town of Dexter, proposes to waive the 5% rule as it applies to the Town of Dexter. Under current law, a community must lose at least 5% of its valuation before it can be considered for a reduction in its valuation.

“Dexter Shoe is the town’s largest employer and its closing is a heavy blow to an area in need of jobs,” stated Senator Davis. “If this resolve is passed, the town’s assessment to the county will decrease while increasing its state educational allocation. This effort is just one small step that can help the town.”

Dexter town officials also shared their support of the legislation at a recent public hearing. Dexter Assessor, Dave Pearson, and Town Manager, Bob Simpson, testified in favor of the bill and provided clear picture of financial situation Dexter is facing.

The Taxation Committee will be sending out two reports to the Legislature. The first, which is supported by a majority of the committee members, proposes to change current language that defines a sudden and severe disruption in a municipal valuation from a 5% loss to a 2% loss of a town’s valuation. The minority report recommends a complete waiver of the rule for Dexter as the original bill proposes.

Representative Jim Tobin believes that the Legislature will probably accept the 2% reduction report, a change that would be applied to every municipality in Maine. “It certainly is a win-win situation no matter which report the Legislature approves. Both proposals will benefit the town of Dexter.”

Senator Paul Davis is also encouraged by the 11 – 2 committee vote. “The Legislature understands that this is not a regional issue but a problem affecting the entire state. Manufacturing companies from all corners of Maine are feeling the financial crunch of the recession. I am proud that the Legislature is stepping up to the plate to help out the residents of this area.”