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125th MAINE LEGISLATURE |
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LD 1819 |
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LR 2771(01) |
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Resolve,
Regarding Legislative Review of Chapter 26: Producer Margins, a Major
Substantive Rule of the Maine Milk Commission |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Edgecomb of Caribou |
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Committee: Agriculture, Conservation and
Forestry |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2011-12 |
FY 2012-13 |
Projections FY 2013-14 |
Projections FY 2014-15 |
| Net Cost
(Savings) |
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General Fund |
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$7,729,584 |
$27,283,448 |
$27,565,868 |
$27,565,868 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$7,729,584 |
$27,283,448 |
$27,565,868 |
$27,565,868 |
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| Revenue |
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General Fund |
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($7,729,584) |
($27,283,448) |
($27,565,868) |
($27,565,868) |
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Other Special Revenue Funds |
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$7,729,584 |
$27,283,448 |
$27,565,868 |
$27,565,868 |
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| Fiscal Detail
and Notes |
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This legislation
proposes to adopt the Maine Milk Commission rule which creates a 4-tiered
system and updates target prices for each tier based upon the breakeven cost
of production used to make payouts through the Dairy Stabilization Program
and the Maine Milk Income Loss Contract.
It would result in a decrease in General Fund revenue of $7,729,584 in
fiscal year 2011-12 and $27,283,448 in fiscal year 2012-13 and a
corresponding increase in Other Special Revenue Funds revenue to the
Department of Agriculture, Food and Rural Resources. The department would require a
corresponding increase in Other Special Revenue Funds allocation in order to
make increased payouts through the program. |
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