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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1257 |
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An
Act To Increase Returnable Beverage Container Redemption Rates |
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LR 0172(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Dunlap of Old Town |
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Committee: Business, Research and Economic
Development |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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$50,625 |
$67,500 |
$67,500 |
$67,500 |
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Revenue |
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General Fund |
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($50,625) |
($67,500) |
($67,500) |
($67,500) |
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Other Special Revenue Funds |
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$2,700,000
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$3,600,000 |
$3,600,000 |
$3,600,000 |
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Fiscal Detail
and Notes |
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The
increase in the returnable beverage container redemption rate will result in
a loss of General Fund revenues collected by the Department of Administrative
and Financial Services from the handling fees; the estimated amounts are
$50,625 in fiscal year 2003-04 and $67,500 for each fiscal year thereafter. |
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The increase in
the returnable beverage container redemption rate will also result in an
increase of Other Special Revenue Funds revenues collected by the Department
of Agriculture, Food and Rural Resources for the Beverage Container
Enforcement Fund; the estimated amounts are $2,700,000 in fiscal year 2003-04
and $3,600,000 for each fiscal year thereafter. |
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