125th MAINE LEGISLATURE
LD 643 LR 1555(02)
An Act To Protect Public Safety in the Operation of the Oxford County Casino
Fiscal Note for Bill as Amended by Committee Amendment "A"
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
             
Fiscal Note
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund $461,950 $1,078,650 $703,400 $703,400
Revenue
General Fund ($461,950) ($1,078,650) ($703,400) ($703,400)
Other Special Revenue Funds $461,950 $1,078,650 $703,400 $703,400
Fiscal Detail and Notes
This legislation provides that casino and racino application and license fees are deposited into a dedicated account within the Department of Public Safety, Gambling Control Board.  Currently, these fees are deposited into the General Fund.  There will be a reduction in General Fund revenues of $461,950 in fiscal year 2011-12 and $1,078,650 in fiscal year 2012-13 and a corresponding increase in Other Special Revenue Funds revenue.
Additional costs to the Department of Public Safety associated with rulemaking and reporting on those rules can be absorbed with existing staff and within existing budgeted resources.