LD 1739 LR 569(04)
An Act to Extend Development District Tax Increment Financing Districts
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Rotundo of Androscoggin
Fiscal Note Required: Yes
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund ($150,115) ($116,820) ($119,946) ($123,184)
General Fund ($150,115) ($116,820) ($119,946) ($123,184)
Fiscal Detail and Notes
This amendment eliminates the position and the ongoing General Fund appropriations totaling $150,115 in fiscal year 2023-24 and $116,820 in fiscal year 2024-25 to the Business Development program within the Department of Economic and Community Development included in the bill for one Development Program Officer position and related All Other costs to support an anticipated increase in workload due to the expansion of the tax increment financing program. The impact on other programs and services cannot be determined at this time.