| 123rd MAINE LEGISLATURE | ||||||
| LD 2276 | LR 3563(01) | |||||
| An Act To Improve the Administration of State-Municipal Revenue Sharing | ||||||
| Fiscal Note for Original Bill | ||||||
| Rep. Piotti of Unity | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $2,209,370 | $2,351,051 | $2,351,051 | ||
| Transfers | ||||||
| General Fund | $0 | ($2,209,370) | ($2,351,051) | ($2,351,051) | ||
| Fiscal Detail and Notes | ||||||
| This legislation eliminates a provision authorizing amounts in excess of $500,000 in the Fund for the Efficient Delivery of Local and Regional Services to be transferred to the General Fund as undedicated revenue. This change will result in a loss of General Fund revenue of $2,209,370 in fiscal year 2008-09 and $2,351,051 annually thereafter. | ||||||