| 123rd MAINE LEGISLATURE | ||||||
| LD 404 | LR 1008(01) | |||||
| An Act To Limit Regional Adjustments to Teacher Salaries | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Tardy of Newport | ||||||
| Committee: Education and Cultural Affairs | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Current biennium cost increase - General Fund | ||||||
| Fiscal Detail and Notes | ||||||
| Requiring that the regional adjustment multiplier applied to teacher salaries and benefits not be less than 1.0 will increase the total state and local cost of K-12 education beginning in fiscal year 2007-08. The Department of Education estimates the total additional cost to be between $20.0 million and $25.0 million per year. The State's share is anticipated to be between $10.9 million and $13.6 million and the local share is expected to be between $9.1 million and $11.4 million. The actual impact can not be determined until a more detailed analysis is performed. | ||||||