123rd MAINE LEGISLATURE
LD 1558 LR 947(01)
An Act To Improve the Process for Adjustment for Sudden and Severe Disruption of Valuation
Fiscal Note for Original Bill
Sponsor: Rep. Woodbury of Yarmouth
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
Minor cost increase - General Fund
Fiscal Detail and Notes
This legislation will not affect the determination of the total state and local cost of providing K-12 public education or the calculation of the State's share.  Additional costs to the Department of Education associated with performing the required calculation can be absorbed within existing budgeted resources.
Additional costs to the Maine Revenue Services associated with municipal requests for valuation adjustments can be absorbed within existing budgeted resources.