125th MAINE LEGISLATURE | ||||||
LD 563 | LR 14(02) | |||||
RESOLUTION, Proposing an Amendment to the Constitution of Maine To Use a Portion of the Sales and Use Tax for the Protection of Maine's Fish and Wildlife | ||||||
Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
Committee: Taxation | ||||||
Fiscal Note Required: Yes | ||||||
Fiscal Note | ||||||
Contingent current biennium revenue decrease - General
Fund Contingent current biennium revenue decrease - Other Special Revenue Funds |
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Referendum Costs | Month/Year | Election Type | Question | Length | ||
Nov-11 | General | Referendum | Standard | |||
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 requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required. | ||||||
Fiscal Detail and Notes | ||||||
Any impact of this bill is contingent on approval by the voters at referendum. Dedicating 1.25% of all sales and use tax revenue to the protection of Maine's fish and wildlife resources will reduce revenue to the General Fund, the Tourism Marketing and Promotion Fund, the State Transit, Aviation and Rail Transportation (STAR) Fund and will reduce revenue sharing starting in fiscal year 2011-12. General Fund revenues will be reduced by $6,259,211 in fiscal year 2011-12 and $11,787,749 in fiscal year 2012-13 and Other Special Revenue Funds revenue will be reduced by $329,432 in fiscal year 2011-12 and $712,978 in fiscal year 2012-13. |