122nd MAINE LEGISLATURE
		LD 468		LR 2149(04)
	An Act Making Unified Appropriations and Allocations for the Expenditures of State Government, General Fund and Other Funds, and Changing Certain Provisions of the Law Necessary to the Proper Operations of State Government for the Fiscal Years Ending June 30, 2006 and June 30, 2007
	Fiscal Note for Senate Amendment " " to Committee Amendment " "
	Sponsor: Sen. Rosen
	Fiscal Note Required: Yes
Fiscal Note
Contingent current biennium cost increase - General Fund
Referendum cost - General Fund
				2005-06	2006-07
Net Cost (Savings)
	General Fund			$133,115,226	$117,424,334
Appropriations/Allocations
	General Fund			$175,023,628	$184,081,037
Transfers
	General Fund			$41,908,402	$66,656,703
Referendum Costs		Month/Year	Election Type	Question	Length
		Jun-05	Special	Referendum	Standard
	The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general election in November. A special election would require an additional appropriation of $139,560.
Fiscal Detail and Notes
	This amendment will increase the General Fund cost of the bill by $133,115,226 in fiscal year 2005-06 and $117,424,334 in fiscal year 2006-07.  Based on the estimated year-end balances, a balanced budget is not maintained for the 2006-2007 biennium.
	Because the savings generated by Section PPPP would, by this amendment, be contingent on approval by the voters in June and on the ability to issue General Obligation bonds to fund current expenditures, those savings cannot be booked until approval occurs.  The costs above reflect reinstatement of the appropriations for teacher's retirement costs in the biennium reduced by a transfer from unappropriated surplus.  They also include $400,000 appropriated to the Secretary of State to reimburse municipalities for documented expenses incurred in conducting the referendum and $139,560 for the state costs of holding it.