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130th MAINE LEGISLATURE |
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LD 715 |
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LR 432(03) |
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An Act To Make
Certain Appropriations and Allocations and Changing Certain Provisions of the
Law Necessary to the Proper Operations of State Government |
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Fiscal Note for
House Amendment " " to Committee Amendment "A" |
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Sponsor: Rep. Pierce of Falmouth |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Potential current biennium revenue decrease - General Fund |
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Fiscal Detail
and Notes |
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Assuming an
effective date 90 days after the statutory adjournment date of June 16, 2021,
removing the emergency preamble will delay the bill's proposed reduction in
the municipal revenue sharing rate from 5% to 3.75% in fiscal year 2021-22
for three months and will decrease General Fund revenue by $11.7 million from
the levels assumed in the bill. Similarly, removing the emergency preamble
could delay the availability of funding provided in the bill for fiscal year
2021-22, but will not affect overall funding levels provided for each year of
the biennium. |
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Assuming an
effective date 90 days prior to the start of fiscal year 2021-22, removing
the emergency preamble will not delay the bill's proposed reduction in the
municipal revenue sharing rate, will not reduce General Fund revenue from the
levels assumed in the bill and this amendment will not delay the availability
of funding for fiscal year 2021-22. |
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