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132nd MAINE LEGISLATURE |
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LD 1287 |
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LR 1976(04) |
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An Act to Support
Workforce Development by Establishing the Housing Stability Fund |
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Fiscal Note for
Senate Amendment " " to Original Bill |
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Sponsor: Sen. Rotundo of Androscoggin |
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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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($1,900,000) |
($1,900,000) |
($1,900,000) |
($1,900,000) |
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| Appropriations/Allocations |
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General Fund |
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($900,000) |
($900,000) |
($1,900,000) |
($1,900,000) |
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Other Special Revenue Funds |
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$500 |
$500 |
$500 |
$500 |
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| Revenue |
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General Fund |
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$1,000,000 |
$1,000,000 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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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. |
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