| 124th MAINE LEGISLATURE | ||||||
| LD 267 | LR 906(01) | |||||
| An Act To Allow the Town of Baldwin Eligibility for Full Pine Tree Development Zone Benefits | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Diamond of Cumberland | ||||||
| Committee: Business, Research and Economic Development | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Net Cost (Savings) | ||||||
| General Fund | $75,000 | $75,000 | $75,000 | $75,000 | ||
| Revenue | ||||||
| General Fund | ($75,000) | ($75,000) | ($75,000) | ($75,000) | ||
| Fiscal Detail and Notes | ||||||
| Extending Pine Tree Development Zone benefits to the Town of Baldwin will result in an ongoing loss of General Fund tax revenue estimated at $75,000. Additional costs to the Department of Economic and Community Development associated with allowing the Town of Baldwin to be eligible for Pine Tree Development Zone benefits can be absorbed within existing budgeted resources. | ||||||