| 122nd MAINE LEGISLATURE | |||||||||
| LD 687 | LR 1803(01) | ||||||||
| An Act To Amend the Hospital Tax | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Dow of Lincoln | |||||||||
| Committee: Health and Human Services | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $23,477,982 | $24,187,265 | $24,187,265 | $24,187,265 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $23,477,982 | $24,187,265 | $24,187,265 | $24,187,265 | |||||
| Federal Expenditures Fund | ($23,951,135) | ($24,660,418) | ($24,660,418) | ($24,660,418) | |||||
| Other Special Revenue Funds | ($36,278,627) | ($37,366,985) | ($37,366,985) | ($37,366,985) | |||||
| Revenue | |||||||||
| Federal Expenditures Fund | ($23,951,135) | ($24,660,418) | ($24,660,418) | ($24,660,418) | |||||
| Other Special Revenue Funds | ($36,278,627) | ($37,366,985) | ($37,366,985) | ($37,366,985) | |||||
| Fiscal Detail and Notes | |||||||||
| Assumes a reduction of hospital tax Other Special Revenue (OSR) Funds revenue as a result of reducing the rate from 2.23% to .74%. Assumes a reduction in OSR and federal allocations consistent with a reduction in the increased payments to hospitals and the shifting of General Fund costs to OSR Funds. And lastly, assumes the General Fund savings that were achieved by shifting formerly General Fund costs to OSR Funds would be reduced if the tax is reduced. | |||||||||