130th MAINE LEGISLATURE
		LD 1198		LR 605(02)
	An Act Authorizing an Increase to the Maximum Annual Fund Balance for Public School Districts
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Education and Cultural Affairs
	Fiscal Note Required: Yes
Fiscal Note
No state fiscal impact
Fiscal Detail and Notes
	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 9% for fiscal year 2020-21 through 2024-25 and 5% for each subsequent fiscal year will not impact the total cost of public education from kindergarten to grade 12 or the State's share of that cost.