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127th MAINE LEGISLATURE |
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LD 980 |
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LR 1039(01) |
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An Act To Restore
Revenue Sharing |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Tepler of Topsham |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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($64,462,043) |
($42,974,695) |
($21,487,348) |
$0 |
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| Revenue |
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General Fund |
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$64,462,043 |
$42,974,695 |
$21,487,348 |
$0 |
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Other Special Revenue Funds |
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($64,462,043) |
($42,974,695) |
($21,487,348) |
$0 |
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| Fiscal Detail
and Notes |
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The bill reduces
the amount of state-municipal revenue sharing received by municipalities and
increases General Fund revenue by $64,462,043 in fiscal year 2015-16 and
$42,974,695 in fiscal year 2016-17.
Under current law revenue sharing is being reduced by $86,000,000 in
fiscal year 2014-15, but will not be reduced in the years affected by this
bill. This bill may be in conflict
with certain other proposals before the Legislature. |
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