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132nd MAINE LEGISLATURE |
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LD 700 |
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LR 2032(01) |
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An Act to Promote
Student Enrollment and Degree Completion in the University of Maine System by
Awarding Waivers of Tuition and Fees to Eligible Students |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Tipping of Penobscot |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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$0 |
$3,400,000 |
$3,400,000 |
$3,400,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$3,400,000 |
$3,400,000 |
$3,400,000 |
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| Fiscal Detail
and Notes |
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The University of
Maine System will require ongoing General Fund appropriations of $3.4 million
per year beginning in fiscal year 2026-27 for the cost of awarding a waiver
of tuition and fees to eligible students who are enrolled full-time at any
University of Maine system campus beginning in the 2026-2027 school year. |
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