HP0677, LD 980, item 1, An Act To Restore Revenue Sharing

An Act To Restore Revenue Sharing

Emergency preamble. Whereas, acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas, state-municipal revenue sharing is used to stabilize the municipal property tax burden and to aid in financing all municipal services; and

Whereas, transfers to municipalities are required to be made by the 20th of each month; for fiscal year 2015-16, the first transfer is required to be made by July 20, 2015; and

Whereas, the 90-day period required for nonemergency legislation may not terminate until after this date; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 30-A MRSA §5681, sub-§5-C, as amended by PL 2013, c. 368, Pt. J, §1, is further amended to read:

5-C. Transfers to General Fund. For the months beginning on or after July 1, 2009, $25,383,491 in fiscal year 2009-10, $38,145,323 in fiscal year 2010-11, $40,350,638 in fiscal year 2011-12, $44,267,343 in fiscal year 2012-13, $73,306,246 in fiscal year 2013-14 and , $85,949,391 in fiscal year 2014-15 , $64,462,043 in fiscal year 2015-16, $42,974,695 in fiscal year 2016-17 and $21,487,348 in fiscal year 2017-18 from the total transfers pursuant to subsection 5 must be transferred to General Fund undedicated revenue. The amounts transferred to General Fund undedicated revenue each fiscal year pursuant to this subsection must be deducted from the distributions required by subsections 4-A and 4-B based on the percentage share of the transfers to the Local Government Fund pursuant to subsection 5. The reductions in this subsection must be allocated to each month proportionately based on the budgeted monthly transfers to the Local Government Fund as determined at the beginning of the fiscal year.

Emergency clause. In view of the emergency cited in the preamble, this legislation takes effect when approved.

SUMMARY

Currently, for the fiscal year ending June 30, 2015, the amount transferred to municipalities under state-municipal revenue sharing is decreased by approximately $86,000,000. This bill restores state-municipal revenue sharing by the fiscal year beginning July 1, 2018 by transferring from state-municipal revenue sharing each fiscal year for the next 3 fiscal years an increasingly lesser amount than the fiscal year 2014-15 amount.

HP0677 LD 980	Session - 127th Maine Legislature		LR 1039 Item 1
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