128th MAINE LEGISLATURE
		LD 133		LR 620(03)
	An Act To Support Lower Property Taxes by Restoring State-Municipal Revenue Sharing
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		$9,895	$4,165,566	($88,766,093)	($92,215,930)
Revenue
	General Fund		($9,895)	($4,165,566)	$88,766,093	$92,215,930
	Other Special Revenue Funds		$9,895	$4,165,566	($88,766,093)	($92,215,930)
Fiscal Detail and Notes
	This bill increases the revenue sharing percentage from 2% to 2.125% in fiscal year 2017-18 and to 2.25% in fiscal year 2018-19.  General Fund revenue would be reduced by $9,895 in fiscal year 2017-18 and by $4,165,566 in fiscal year 2018-19 and Local Government Fund revenue would be increased by a corresponding amount.  It also reduces the revenue sharing percentage from 5% to 2.375% in fiscal year 2019-20 and to 2.5% in fiscal year 2020-21 and subsequent years, thus increasing General Fund revenues and reducing Local Government Fund revenue.