125th MAINE LEGISLATURE
LD 1905 LR 2865(07)
An Act To Revise the Target Prices for the Dairy Stabilization Program
Fiscal Note for House Amendment "   "
Sponsor: Rep. Timberlake of Turner
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 $0 $3,261,342 $3,261,342 $3,261,342
Appropriations/Allocations
Other Special Revenue Funds $0 $3,261,342 $3,261,342 $3,261,342
Revenue
General Fund $0 ($3,261,342) ($3,261,342) ($3,261,342)
Other Special Revenue Funds $0 $3,261,342 $3,261,342 $3,261,342
Fiscal Detail and Notes
This floor amendment increases the tier 1 target price from $19.64 to $21.  The incremental impact compared to the original bill is a decrease in General Fund revenue of $3,261,342 in fiscal year 2012-13 and a corresponding increase in Other Special Revenue Funds revenue to the Department of Agriculture, Food and Rural Resources.  It also increases Other Special Revenue Funds allocation by $3,261,342 in fiscal year 2012-13.