PART TTTT
‘Sec. TTTT-1. 20-A MRSA §15672, sub-§23, ¶C, as enacted by PL 2013, c. 203, §1, is repealed and the following enacted in its place:
(1) The average of the certified state valuations for the 3 most recent years prior to the most recently certified state valuation; or
(2) If an adjustment has been approved by the State Tax Assessor pursuant to Title 36, section 208-A, that adjusted state valuation.
Sec. TTTT-2. Modify 2015 state valuations and state-municipal revenue sharing; Madison; Skowhegan; East Millinocket; Jay. Notwithstanding the Maine Revised Statutes, Title 30-A, section 5681 and Title 36, sections 208-A and 305, the Treasurer of State shall use the following figures for state-municipal revenue sharing for fiscal year 2015-16: for the Town of Madison, the 2015 state valuation is deemed to be $349,850,000; for the Town of Skowhegan, the 2015 state valuation is deemed to be $1,003,800,000; for the Town of East Millinocket, the 2015 state valuation is deemed to be $70,900,000; and for the Town of Jay, the 2015 state valuation is deemed to be $801,950,000.
Sec. TTTT-3. Modify state valuations; education funding; Madison. Notwithstanding the Maine Revised Statutes, Title 20-A, section 15672, subsection 23, paragraph C and Title 36, sections 208-A and 305, for the purpose of calculating property fiscal capacity for education funding under Title 20-A for fiscal years 2015-16 to 2018-19, the Commissioner of Education shall use the following figures for the Town of Madison: the 2015 state valuation is deemed to be $349,850,000; the 2014 state valuation is deemed to be $356,600,000; the 2013 state valuation is deemed to be $355,750,000; and the 2012 state valuation is deemed to be $361,450,000.
Sec. TTTT-4. Modify state valuations; education funding; Skowhegan. Notwithstanding the Maine Revised Statutes, Title 20-A, section 15672, subsection 23, paragraph C and Title 36, sections 208-A and 305, for the purpose of calculating property fiscal capacity for education funding under Title 20-A for fiscal years 2015-16 to 2018-19, the Commissioner of Education shall use the following figures for the Town of Skowhegan: the 2015 state valuation is deemed to be $1,003,800,000; the 2014 state valuation is deemed to be $995,550,000; the 2013 state valuation is deemed to be $996,200,000; and the 2012 state valuation is deemed to be $991,900,000.
Sec. TTTT-5. Modify state valuations; education funding; East Millinocket. Notwithstanding the Maine Revised Statutes, Title 20-A, section 15672, subsection 23, paragraph C and Title 36, sections 208-A and 305, for the purpose of calculating property fiscal capacity for education funding under Title 20-A for fiscal years 2015-16 to 2018-19, the Commissioner of Education shall use the following figures for the Town of East Millinocket: the 2015 state valuation is deemed to be $70,900,000; the 2014 state valuation is deemed to be $77,250,000; the 2013 state valuation is deemed to be $79,600,000; and the 2012 state valuation is deemed to be $102,150,000.
Sec. TTTT-6. Modify state valuations; education funding; Jay. Notwithstanding the Maine Revised Statutes, Title 20-A, section 15672, subsection 23, paragraph C and Title 36, sections 208-A and 305, for the purpose of calculating property fiscal capacity for education funding under Title 20-A for fiscal years 2015-16 to 2018-19, the Commissioner of Education shall use the following figures for the Town of Jay: the 2015 state valuation is deemed to be $801,950,000; the 2014 state valuation is deemed to be $818,954,890; the 2013 state valuation is deemed to be $804,454,890; and the 2012 state valuation is deemed to be $792,554,890.’