| 122nd MAINE LEGISLATURE | |||||||||
| LD 1684 | LR 2383(01) | ||||||||
| An Act Regarding Transition Provisions for the Sharing of Costs in Certain School Districts | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Reported out by: Education and Cultural Affairs | |||||||||
| Committee: Not Referred | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| No net State fiscal impact | |||||||||
| Fiscal Detail and Notes | |||||||||
| This legislation may affect the percentage of funds contributed by the member municipalities for the local share of funding K-12 public education beginning in fiscal year 2005-06. The impact to each member municipality can not be determined at this time. This legislation will not affect the amount of state subsidy to be received by the affected school administrative districts and community school districts for General Purpose Aid for Local Schools. | |||||||||
| The additional one-time cost to the Department of Education to provide an adjustment to the state share of the total allocation for school administrative districts and community school districts that have member municipalities with local contributions that are below the maximum mill rate expectation of 8.26 mills but are adversely impacted by the established cost-sharing mechanism is estimated to be $189,000 in fiscal year 2005-06. The Department of Education can absorb the additional cost of this provision within the funds appropriated for General Purpose Aid for Local Schools for fiscal year 2005-06. | |||||||||
| Authorizing the Commissioner of Education to adjust the allocation of general purpose aid to local schools for School Administrative District No. 67 in fiscal year 2005-06 if the State Valuation for the Town of Lincoln is reduced will increase the amount of school subsidy received by SAD 67 by $125,000. Since this legislation requires the Department of Education to fund the increase through savings that may occur in the General Purpose Aid for Local Schools program in fiscal year 2005-06 or as an audit adjustment in the program in fiscal year 2006-07, no additional General Fund appropriation is required. However, if an audit adjustment is required in fiscal year 2006-07, it will reduce the amount of subsidy available for distribution to all other local school units in the State. The impact to each individual unit can not be determined at this time. | |||||||||