|
|
|
|
|
|
|
|
130th MAINE LEGISLATURE |
|
|
LD 328 |
|
LR 711(02) |
|
|
|
An Act To Fully
Fund and Restore State-Municipal Revenue Sharing |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Taxation |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Note |
|
|
|
|
|
|
|
|
|
FY 2020-21 |
FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
$22,262,235 |
$0 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
General Fund |
($22,262,235) |
$0 |
$0 |
$0 |
$0 |
|
Other Special Revenue Funds |
$22,262,235 |
$0 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
This bill
increases the revenue sharing percentage from 3.75% to 5% for the last six
months of fiscal year 2020-21 and would result in a reduction in General Fund
revenue of $22,262,235 with a corresponding increase in Local Government Fund
revenue. |
|
|
|
|
|
|
|