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128th MAINE LEGISLATURE |
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LD 1171 |
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LR 1651(01) |
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An Act To Sustain
and Attract Skilled Workers to Maine by Improving the Job Creation Through
Educational Opportunity Program |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Chenette of York |
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Committee: Education and Cultural Affairs |
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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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$100,000 |
$100,000 |
$100,000 |
$100,000 |
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| Appropriations/Allocations |
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General Fund |
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$100,000 |
$100,000 |
$100,000 |
$100,000 |
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| Fiscal Detail
and Notes |
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The Educational
Opportunity Tax Credit Marketing program within the Finance Authority of
Maine will require ongoing General Fund appropriations totaling $100,000 per
year beginning in fiscal year 2017-18 to support the Job Creation Through
Educational Opportunity Program. Of
this amount, $70,000 per year is provided for one liaison position to assist
Maine residents with issues associated with participating in the
program. The remaining $30,000 per
year is for increasing the funding for the marketing of the program from
$20,000 per year to $50,000 per year. |
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