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131st MAINE LEGISLATURE |
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LD 259 |
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LR 2413(06) |
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An Act Making
Unified Allocations from the Highway Fund and Other Funds for the
Expenditures of State Government and Changing Certain Provisions of the Law
Necessary to the Proper Operations of State Government for the Fiscal Years
Ending June 30, 2023, June 30, 2024 and June 30, 2025 |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Rotundo of Androscoggin |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$18,670,364 |
$13,168,278 |
$2,364,582 |
$2,374,963 |
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Highway Fund |
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$83,129,290 |
$90,887,321 |
($2,364,582) |
($2,374,963) |
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| Appropriations/Allocations |
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General Fund |
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($61,946) |
($51,601) |
$0 |
$0 |
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Highway Fund |
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$101,861,600 |
$104,107,200 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($18,732,310) |
($13,219,879) |
($2,364,582) |
($2,374,963) |
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Highway Fund |
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$18,732,310 |
$13,219,879 |
$2,364,582 |
$2,374,963 |
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| Fund Detail by
Section |
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| Appropriations/Allocations |
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General Fund |
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PART I, Section 2 |
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$20,240 |
$0 |
$0 |
$0 |
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PART OFPR, Section 2 |
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($82,186) |
($51,601) |
$0 |
$0 |
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Highway Fund |
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PART I, Section 2 |
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$101,861,600 |
$104,107,200 |
$0 |
$0 |
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| Revenue |
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General Fund |
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PART I, Section 1 |
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($101,861,600) |
($104,107,200) |
($104,374,400) |
($104,808,000) |
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PART OFPR, Section 1 |
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$83,129,290 |
$90,887,321 |
$102,009,818 |
$102,433,037 |
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Highway Fund |
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PART I, Section 1 |
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$101,861,600 |
$104,107,200 |
$104,374,400 |
$104,808,000 |
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PART OFPR, Section 1 |
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($83,129,290) |
($90,887,321) |
($102,009,818) |
($102,433,037) |
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| Fiscal Detail
and Notes |
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This amendment
replaces Part I, removing the reference to sales tax on automobile parts,
including sales and use tax collected by the Bureau of Motor Vehicles in the
calculation of revenues transferred and reducing the transfer percentage from
50% to 40%. The incremental impact on
General Fund revenue is a decrease (i.e. more GF revenue transferred) of
$18,732,310 in fiscal year 2023-24 and $13,219,879 in fiscal year 2024-25
with a corresponding increase in Highway Fund revenue. The amendment also
replaces the Part I, General Fund appropriation for the Bureau of Revenue
Services in the Department of Administrative and Financial Services. It also
adds Highway Fund allocations in each year of the biennium to the Department
of Transportation for capital projects. |
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Please note the
"PART OFPR" lines in this fiscal note are added to calculate the
incremental impact of this floor amendment. |
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