132nd MAINE LEGISLATURE
LD 355 LR 337(04)
An Act to Advance the Maine Retirement Savings Program
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Rotundo of Androscoggin
Fiscal Note Required: Yes
             
Fiscal Note
FY 2025-26 FY 2026-27 Projections  FY 2027-28 Projections  FY 2028-29
Net Cost (Savings)
General Fund ($350,000) ($275,000) $0 $0
Appropriations/Allocations
Maine Retirement Savings Program Enterprise Fund ($350,000) $350,000 $0 $0
Transfers
General Fund $350,000 $275,000 $0 $0
Other Special Revenue Funds $0 ($625,000) $0 $0
Maine Retirement Savings Program Enterprise Fund ($350,000) $350,000 $0 $0
Fiscal Detail and Notes
This amendment replaces the General Fund transfers of $350,000 in fiscal year 2025-26 and $275,000 in fiscal year 2026-27 with a one-time transfer from Other Special Revenue Funds of $625,000 in fiscal year 2026-27. The amendment also removes the allocation to the Maine Retirement Savings Program Enterprise Fund in fiscal year 2025-26 and increases the allocation in fiscal year 2026-27 to $625,000.