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127th MAINE LEGISLATURE |
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LD 93 |
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LR 437(03) |
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An Act To Amend
the Laws Governing Pine Tree Development Zone Benefits for the Town of
Berwick and the City of Sanford |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-128) |
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Committee: Labor, Commerce, Research and
Economic Development |
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| Fiscal Note |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$95,000 |
$171,000 |
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| Revenue |
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General Fund |
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$0 |
$0 |
($95,000) |
($171,000) |
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Other Special Revenue Funds |
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$0 |
$0 |
($5,000) |
($9,000) |
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| Fiscal Detail
and Notes |
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This bill expands
the Pine Tree Development Zone program to include the Towns of Berwick and
Sanford. It is not expected that a
qualified project would be certified before fiscal year 2017-18, therefore
the General Fund and Local Government Fund revenue loss does not begin until
outside the biennium. |
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Additional costs
to the Department of Economic and Community Development associated with
implementing the requirements of this legislation can be absorbed within
existing budgeted resources. |
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