130th MAINE LEGISLATURE
LD 351 LR 1552(02)
An Act Regarding Municipal Valuation and State-owned Property
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $254,538 $10,113,176 $10,416,472 $10,719,873
Appropriations/Allocations
General Fund $254,538 $10,113,176 $10,416,472 $10,719,873
Fiscal Detail and Notes
The bill provides for payments in lieu of taxes for certain state owned property. The bill includes a General Fund appropriation of $10,000,000 in fiscal year 2022-23 to the Department of Administrative and Financial Services for these payments. The bill also includes a General Fund appropriation of $254,538 in fiscal year 2021-22 and $113,176 in fiscal year 2022-23 for one Principal Property Appraiser position and 2 temporary Principal Property Appraiser positions and related costs to process payments in lieu of taxes to municipalities.