132nd MAINE LEGISLATURE
LD 1287 LR 1976(04)
An Act to Support Workforce Development by Establishing the Housing Stability Fund
Fiscal Note for Senate Amendment " " to Original Bill
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 ($1,900,000) ($1,900,000) ($1,900,000) ($1,900,000)
Appropriations/Allocations
General Fund ($900,000) ($900,000) ($1,900,000) ($1,900,000)
Other Special Revenue Funds $500 $500 $500 $500
Revenue
General Fund $1,000,000 $1,000,000 $0 $0
Fiscal Detail and Notes
The amendment replaces the bill's ongoing General Fund appropriations with one-time General Fund appropriations of $1.0 million in each of fiscal years 2025-26 and 2026-27 to the Maine State Housing Authority for a newly created Housing Stability Support Program established to provide assistance to eligible renters to prevent eviction. The amendment also includes a one-time adjustment in each of fiscal years 2025-26 and 2026-27 in the share of the real estate transfer tax retained by counties from 10% to 9.2%. The amendment also adds a $500 Other Special Revenue Funds allocation in each year to be used if funds are received from private sources.