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131st MAINE LEGISLATURE |
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LD 743 |
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LR 1993(01) |
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An Act to Provide
Free or Reduced-cost Vehicle Registration to All Disabled Veterans |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Brakey of Androscoggin |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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Highway Fund |
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$367,574 |
$475,484 |
$479,701 |
$484,128 |
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| Appropriations/Allocations |
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Highway Fund |
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$74,214 |
$84,337 |
$88,554 |
$92,981 |
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| Revenue |
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Highway Fund |
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($293,360) |
($391,147) |
($391,147) |
($391,147) |
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| Fiscal Detail
and Notes |
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The Department of
Secretary of State will require Highway Fund allocations of $74,214 in fiscal
year 2023-24 and $84,337 in fiscal year 2024-25 for one Office Specialist I
position and related costs to review documentation, assist branch offices and
municipalities and determine the correct registration fees. Highway Fund revenues will be reduced by
$293,360 in fiscal year 2023-24 and $391,147 in fiscal year 2024-25 from
providing vehicle registration certificates and special designating license
plates at reduced fees. |
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