132nd MAINE LEGISLATURE
		LD 681		LR 1824(02)
	An Act Regarding Public Higher Education Funding in the State
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Education and Cultural Affairs
	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		$1,161,107	$2,380,268	$3,659,663	$5,003,838
Appropriations/Allocations
	General Fund		$1,161,107	$2,380,268	$3,659,663	$5,003,838
Fiscal Detail and Notes
	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.