122nd MAINE LEGISLATURE
LD 687 LR 1803(02)
An Act To Amend the Hospital Tax
Fiscal Note for Bill as Amended by Committee Amendment " "
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 $17,608,487 $24,187,265 $24,187,265 $24,187,265
Appropriations/Allocations
General Fund $17,608,487 $24,187,265 $24,187,265 $24,187,265
Federal Expenditures Fund ($17,963,351) ($24,660,418) ($24,660,418) ($24,660,418)
Other Special Revenue Funds ($27,208,970) ($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 ($27,208,970) ($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.  Assumes a 10/1/05 effective date.