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.