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BNAS Job Tax Increment Financing (JTIF) Presentation
Shae McGehee, Maine Department of Economic and Community Development
Thursday, February 5th
TechPlace Classroom
74 Orion Street, Brunswick Landing
Please join us for a tutorial presentation on completing the Job Tax Increment Financing (JTIF) form for FY2025. Before February 5, 2026, the Department of Economic and Community Development (DECD) will email you the JTIF form. You will also be sent a form via email from MRRA to report on the total number of employees and total number of wages for FY2025. This is a great opportunity to ask any questions you may have when it comes to JTIF reporting. Please keep in mind you are under no obligation to report; however, it does help MRRA to cover costs associated with municipal services here on Brunswick Landing.
What is Job Tax Increment Financing Program (JTIF)
This program was established to assist with funding the provision of municipal services to the former base area by the Midcoast Regional Redevelopment Authority (MRRA) and the provision of higher education services by Southern Maine Community College's Brunswick campus. The job tax increment means the level of state income tax withholding attributed to any employees employed within the base area, above the base level of employment. DECD is responsible for the collection of annual report data from the respective companies and provides guidance to businesses participating in the JTIF program.
The primary purpose is to provide a dedicated, non-operational revenue stream for MRRA to cover costs associated with municipal services (e.g., water, sewer, fire protection, road maintenance) and for Southern Maine Community College's (SMCC) Brunswick campus.
MRRA receives 25% of state income taxes paid by employees at Brunswick Landing and the SMCC campus at Brunswick Landing receives 25% as well.
It also allows MRRA to track total wages in bulk for all employees here on campus as one of the metrics for our performance is tracking wages to compare with the Navy to restore economic power for the region.
Light refreshments will be offered. Space is limited to 40 people and is first come, first served.
Parking will be in the lot across from SaviLinx (Signs will be posted).
We hope to see you there!
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