131st MAINE LEGISLATURE
LD 1954 LR 2553(02)
An Act to Address the Recent Mill Closure in the Town of Jay by Providing Funds to Offset Property Tax Loss
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
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 $600,000 $0 $0 $0
Appropriations/Allocations
General Fund $600,000 $0 $0 $0
Fiscal Detail and Notes
This bill includes a one-time General Fund appropriation to the Office of the State Controller of $600,000 in fiscal year 2023-24 to provide payment to the Town of Jay to help offset a property tax revenue loss from a recent mill closure.