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132nd MAINE LEGISLATURE |
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LD 1287 |
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LR 1976(06) |
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An Act to Support
Workforce Development by Establishing the Housing Stability Fund |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-208)
S "A" (S-471) |
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Committee: Housing and Economic Development |
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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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$0 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$1,000,000 |
$1,000,000 |
$0 |
$0 |
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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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This bill
includes 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 bill 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
bill also includes ongoing Other Special Revenue Funds allocations of $500
per year beginning in fiscal year 2025-26 to the Housing Stability Support
Program to authorize the expenditure of funds in the event money is received
from private sources. |
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