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132nd MAINE LEGISLATURE |
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LD 681 |
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LR 1824(02) |
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An Act Regarding
Public Higher Education Funding in the State |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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Fiscal Note |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
Net Cost
(Savings) |
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General Fund |
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$1,161,107 |
$2,380,268 |
$3,659,663 |
$5,003,838 |
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Appropriations/Allocations |
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General Fund |
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$1,161,107 |
$2,380,268 |
$3,659,663 |
$5,003,838 |
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Fiscal Detail
and Notes |
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This bill
includes ongoing General Fund appropriations of $1,161,107 in fiscal year
2025-26 and $2,380,268 in fiscal year 2026-27 to Maine Maritime Academy (MMA)
for the costs associated with increasing the percentage of MMA's total state
appropriation as a share of its total operating costs by 2% per year until
the percentage of the MMA's total state appropriation as a share of its total
operating costs equals at least the lesser of the percentage of the
University of Maine System's (UMS) and the Maine Community College System's
(MCCS) total state appropriation compared to each system's total operating
costs. Currently, MMA's total state
appropriation funds approximately 23.15% of its total operating costs. Appropriations
for the UMS funds approximately 41% of its operating costs and appropriations
for MCCS funds approximately 39% of its operating costs. |
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