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130th MAINE LEGISLATURE |
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LD 1198 |
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LR 605(01) |
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An Act Authorizing
an Increase to the Maximum Annual Fund Balance for Public School Districts |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Carlow of Buxton |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: No |
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| Preliminary
Fiscal Impact Statement |
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| No state fiscal impact |
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| Fiscal Detail
and Notes |
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Increasing the
amount of unallocated general operating fund balances that a school board may
carry forward each year from 3% of the previous fiscal year's school budget
to 15% will not impact the total cost of public education from kindergarten
to grade 12 or the State's share of that cost. |
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