131st MAINE LEGISLATURE
		LD 646		LR 1194(03)
	An Act to Fully Reimburse Municipalities for Lost Revenue Under the Property Tax Stabilization for Senior Citizens Program
	Fiscal Note for Bill as Engrossed with: C "A" (H-755)
	Committee: Appropriations and Financial Affairs
Fiscal Note
			FY 2023-24	FY 2024-25	Projections  FY 2025-26	Projections  FY 2026-27
Net Cost (Savings)
	General Fund		$15,050,000	$0	$0	$0
Appropriations/Allocations
	Other Special Revenue Funds		$15,050,000	$0	$0	$0
Transfers
	General Fund		($15,050,000)	$0	$0	$0
	Other Special Revenue Funds		$15,050,000	$0	$0	$0
Fiscal Detail and Notes
	This bill transfers $15,000,000, on or before March 1, 2024, from the unappropriated surplus of the General Fund to the Department of Administrative and Financial Services, Property Tax Stabilization program, Other Special Revenue Funds account to be used to fully reimburse municipalities for revenue lost under the program. The bill also transfers $50,000, on or before June 30, 2024, from the unappropriated surplus of the General Fund to the Department of Administrative and Financial Services, Property Tax Stabilization - Mandate program, Other Special Revenue Funds account to be used to reimburse municipalities for state mandated costs related to implementation and administration of the program.