132nd MAINE LEGISLATURE
		LD 1770		LR 2184(02)
	An Act to Provide Immediate and Long-term Property Tax Relief to Maine Households
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
Legislative Cost/Study
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$125,000	$25,000	$0	$0
Appropriations/Allocations
	General Fund		$125,000	$25,000	$0	$0
Legislative Cost/Study
	The general operating expenses of this study are projected to be $2,800 in fiscal year 2025-26 and $3,050 in fiscal year 2026-27. The Legislature’s proposed budget for the 2026-2027 biennium includes $22,196 in each of fiscal years 2025-26 and 2026-27 for the costs of legislative studies, as well as $8,265 in projected balances from fiscal year 2024-25 and $33,073 of balances carried over from prior years for this purpose. Whether these amounts are sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature. The additional costs of providing staffing assistance to the study during the interim can be absorbed utilizing existing budgeted staff resources.
Fiscal Detail and Notes
	The bill provides one-time General Fund appropriations to the Legislature of $125,000 in fiscal year 2025-26 and $25,000 in fiscal year 2026-27 for the costs of the required contract with an entity to provide research and analytical support for the Real Estate Property Tax Relief Task Force. Additional costs to the various agencies affected by the provisions of this bill are expected to be minor and assumed to be absorbed within existing budgeted resources.