Transportation Operating 77,662,147

Bus Purchases (including lease-purchases) 10,000,000

__________

Program Cost Total 327,343,460

Less percentage reduction pursuant to

the Maine Revised Statutes, Title 20-A,

section 15603, subsection 26-A, paragraph F (9,787,569)

__________

Adjusted Program Cost Total 317,555,891

Foundation Total - Combined Adjusted ______________

Operating and Program Cost $1,333,375,266

Sec. C-7. Foundation subsidy indexes. This section establishes mill rates pursuant to the Maine Revised Statutes, Title 20-A, chapter 606 as follows: operating cost millage, 9.35 mills; program millage limit, 1.45 mills.

Sec. C-8. Foundation reduction percentages. This section establishes reduction percentages as follows: program cost reduction percentage, 2.99%; transportation operating reduction percentage, 2.99%.

Sec. C-9. Foundation appropriation. The foundation appropriation provided for general purpose aid for local schools for the fiscal year beginning July 1, 2003 and ending June 30, 2004 is calculated as follows:

2003-04 2003-04

TOTAL STATE

Foundation Total - Combined

Adjusted Operating and

Program Cost $1,333,375,266 $621,180,258

Minimum State Subsidy 2,218,147 2,218,147

ADJUSTED FOUNDATION

ALLOCATION ______________ ____________

TOTAL $1,335,593,413 $623,398,405

Sec. C-10. Debt service allocation. The debt service allocation of state and local funds for fiscal year 2003-04 for the purposes listed in this section is as follows:

2003-04