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128th MAINE LEGISLATURE |
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LD 133 |
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LR 620(01) |
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An Act To Support
Lower Property Taxes by Restoring State-Municipal Revenue Sharing |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Bellows of Kennebec |
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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 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$21,079,161 |
$61,324,528 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($21,079,161) |
($61,324,528) |
$0 |
$0 |
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Other Special Revenue Funds |
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$21,079,161 |
$61,324,528 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
increases the revenue sharing percentage from 2% to 3% in fiscal year 2017-18
and to 4% in fiscal year 2018-19.
General Fund revenue would be reduced by $21,079,161 in fiscal year
2017-18 and by $61,324,528 in fiscal year 2018-19 and Local Government Fund
revenue would be increased by a corresponding amount. |
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