LD 1422
pg. 1
LD 1422 Title Page An Act To Promote Student and Taxpayer Equity in the School Funding Formula ... Page 2 of 8
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LR 56
Item 1

 
Emergency preamble. Whereas, Acts of the Legislature do not become
effective until 90 days after adjournment unless enacted as
emergencies; and

 
Whereas, this legislation needs to take effect before the
expiration of the 90-day period in order for its provisions to
be in effect for the beginning of the next fiscal year; and

 
Whereas, in the judgment of the Legislature, these facts
create an emergency within the meaning of the Constitution of
Maine and require the following legislation as immediately
necessary for the preservation of the public peace, health and
safety; now, therefore,

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 20-A MRSA §15603, sub-§26-A, ¶F, as amended by PL 1999, c.
401, Pt. GG, §2, is further amended to read:

 
F. If for any fiscal year the total amount appropriated for
the State's share of the total allocation is less than the
amount specified in the certified funding level for that year,
then all subsidizable costs except as noted in subparagraphs
(1) and (2) are reduced by a percentage of the original cost
amounts. The reduction percentage is the smallest percentage
that results in a state share of the total allocation that
does not exceed the amount appropriated for this purpose,
except that the reduction percentage that would ordinarily be
used for operating and program costs must be reduced for the
purpose of computing state subsidy for transportation
operating costs as defined in subsection 29. Until fiscal
year 2000-01, the reduction percentage ordinarily used for
transportation operating costs must be reduced by the amount
necessary to provide additional state subsidy equal to
$4,500,000 for this category of costs. The statewide
adjustment factor under section 15654, subsection 1, paragraph
B must be adjusted by an amount sufficient to provide this
additional funding for program costs. Beginning in fiscal
year 1999-00, the reduction percentage must be phased out over
4 years. In fiscal year 1999-00, the reduction percentage for
program costs other than transportation operating costs must
be 15.88%. It is the intent of the Legislature that the
reduction percentage for all program costs and the insured
value factor be lowered to 9.97% in fiscal year 2000-01, to
4.98% in fiscal year 2001-02 and to 0% in fiscal year 2002-03.
Beginning in fiscal year 2000-01, if the appropriation and any
increase in the mill rate determined by the Legislature to be
needed under section 15653 are not sufficient to achieve both
the targeted reduction percentage


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