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.