| 122nd MAINE LEGISLATURE | |||||||||
| LD 1944 | LR 2900(03) | ||||||||
| An Act to Implement Certain Recommendations of the Washington County Economic Development Task Force | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Business, Research and Economic Development | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Minority Report | |||||||||
| Fiscal Note | |||||||||
| Current biennium cost increase - General Fund | |||||||||
| Undetermined current biennium revenue decrease - General Fund | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $2,000,000 | $400,000 | $400,000 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $2,000,000 | $400,000 | $400,000 | |||||
| Fiscal Detail and Notes | |||||||||
| This bill includes General Fund appropriations totaling $2,000,000 in fiscal year 2006-07 to the Department of Economic and Community Development. Of this amount, $300,000 is provided annually through the 2010-2011 biennium for the operational support of the Downeast Heritage Museum in Calais; $100,000 per year is appropriated for the Incubator without Walls entrepreneurial workshops in Washington County; $600,000 in one-time funds is provided for the Sunrise County Economic Council and $1,000,000 in one-time funds is appropriated to the Maine Technology Institute to supplement existing research, development and technology grants that are targeted for Washington County. | |||||||||
| This bill will result in a revenue loss beginning in fiscal year 2006-07 if the Commissioner of the Department of Economic and Community Development establishes the pilot projects authorized in this legislation. The amount will depend on the actual amount of Pine Tree Zone tax benefits received and can not be determined at this time. | |||||||||