125th MAINE LEGISLATURE
LD 1835 LR 2603(01)
An Act To Restore Equity in Revenue Sharing
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Alfond of Cumberland
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
No State fiscal impact
Fiscal Detail and Notes
The bill would provide that only municipalities with a property tax burden which is greater than the statewide average would be entitled to a share of the Disproportionate Tax Burden Fund. The bill would have no impact on total State revenues or expenditures, but would result in a different allocation of revenue sharing from the Disproportionate Tax Burden Fund than under current law.