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123rd MAINE LEGISLATURE |
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LD 1848 |
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LR 795(01) |
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An Act To Promote
Sustainable Prosperity |
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Fiscal Note for
Original Bill |
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Sponsor: President Edmonds of Cumberland |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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2007-08 |
2008-09 |
Projections 2009-10 |
Projections 2010-11 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$2,001,000 |
$2,001,000 |
$301,000 |
$301,000 |
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| Transfers |
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Other Special Revenue Funds |
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$301,000 |
$301,000 |
$301,000 |
$301,000 |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-Taxable |
10 |
$180,000,000 |
5.0% |
$49,500,000 |
$229,500,000 |
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| Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-07 |
General |
Bond Issue |
Standard |
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The Secretary
of State's budget includes sufficient
funds to accommodate one ballot of average length for the general election in
November. If the number or size of the
referendum questions increases the ballot length, an additional appropriation
of $8,000 or more may be required.
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| Fiscal Detail
and Notes |
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This bill
establishes the Maine Government Efficiency Commission to be funded totally
from outside funds. The commission is
created to identify government expenditures that can be eliminated or reduced
by consolidating governmental entities, increasing efficiency in the
provision of services and eliminating duplication. These savings are proposed to be
transferred to the newly established Government Efficiency Fund. The projected cost of the Commission and
the specific savings that may be transferred to the Government Efficiency
Fund can not be determined at this time. |
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This
bill requires OPEGA to certify savings
recommended by the statewide government efficiency commission. It is
not possible at this point in time to determine the extent to which OPEGA
staff resources will be required or whether the use of consultant services
will be necessary to assist OPEGA in providing the certification. It
will depend in part on the complexity of the savings identified by the
government efficiency commission and the time frame for certification.
OPEGA’s proposed budget for 2007-08 includes approximately $150,000 for
consulting services. While these funds have not yet been programmed for
specific reviews, earmarking these funds could limit the ability of OPEGA to
contract for services for other reviews/audits it may be directed to perform
by the Government Oversight Committee. A General Fund appropriation may
be necessary to fulfill the requirements proposed in this bill, if other
funds are not available for this purpose.
OPEGA estimates that the project would also require assigning certain
staff full-time for the duration of the project and these costs are expected
to be absorbed. |
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This bill includes
an Other Special Revenue Funds allocation to the State Planning Office of
$700,000 in fiscal year 2007-08 and 2008-09 to be used for training and
technical assistance to municipalities to assist in implementing a statewide
building code. It also includes an
Other Special Revenue Funds allocation to the State Planning Office of
$1,000,000 in fiscal year 2007-08 and 2008-09 for a pilot project for a
regional planning initiative involving multiple political subdivisions of the
state. The additional costs associated
with this initiative involving multiple political subdivisions can be
absorbed by the State Planning Office utilizing existing budgeted resources. |
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This bill includes
Other Special Revenue Funds allocations of $300,000 in fiscal year 2007-08
and $300,000 in fiscal year 2008-09 for the Maine Downtown Center program
within the Maine Development Foundation.
This bill also establishes the Maine Cluster Development Fund and the
Innovation Jobs Fund within the Department of Economic and Community
Development to provide grants to industry-led coalitions in the targeted
technology centers. Base allocations
of $500 per year beginning in fiscal year 2007-08 for both the Maine Cluster
Development Fund and the Innovation Jobs Fund should be included in the event
that sufficient funds are available to be transferred from the Government
Efficiency Fund. |
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This bill also
directs the Bureau of Revenue Services to implement a program to reimburse
service center communities for property taxes lost by reason of the
nontaxable status of property of regional significance located within that
community. The financial impact of
this program is unknown at this time. |
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