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This
bill includes General Fund appropriations totaling $53,981,658 in fiscal year
2009-10 and $104,787,684 in fiscal year 2010-11 for the costs associated with
the State contributing 45% of the total operating costs of the University of
Maine System, the Maine Community College System and Maine Maritime Academy
in fiscal year 2009-10 and 50% of the public higher educational institutions'
total operating costs in fiscal year 2010-11. The cost for the State to fund
55% of the total operating costs for the higher educational institutions
beginning in fiscal year 2011-12, as required by this legislation, is
$153,217,238. For the 2012-2013
biennium, this fiscal estimate assumes that total operating costs for the
higher education institutions grows at an average rate of approximately 4.6%
per year and the State's funding, absent the requirements of this
legislation, would increase approximately 2.5% per year. The actual cost to the State may be higher
or lower depending on each institution's actual total operating costs. |