127th MAINE LEGISLATURE
LD 215 LR 845(01)
An Act To Improve Student Retention in Maine's Postsecondary Institutions
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Alfond of Cumberland
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $250,000 $250,000 $250,000 $250,000
Appropriations/Allocations
General Fund $250,000 $250,000 $250,000 $250,000
Fiscal Detail and Notes
This bill includes ongoing General Fund appropriations of $250,000 per year beginning in fiscal year 2015-16 to Jobs for Maine's Graduates to support college retention efforts for eligible students.  Additional costs to Jobs for Maine's Graduates to develop the required implementation plan and to prepare the required report can be absorbed within existing budgeted resources.