|
|
|
|
|
|
|
|
132nd MAINE LEGISLATURE |
|
|
LD 1851 |
|
LR 2166(02) |
|
|
|
An Act to Bring
Parity Among the Wabanaki Nations Regarding the Generation of Revenues from
Gaming |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Veterans and Legal Affairs |
|
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 |
|
$0 |
$3,179,647 |
$3,327,763 |
$3,314,396 |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
Other Special Revenue Funds |
|
$0 |
$3,179,647 |
$3,327,763 |
$3,314,396 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
General Fund |
|
$0 |
($3,179,647) |
($3,327,763) |
($3,314,396) |
|
Other Special Revenue Funds |
|
$0 |
$3,179,647 |
$3,327,763 |
$3,314,396 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
This bill reduces
the share of gross slot machine revenue deposited to the General Fund from 1%
to 0.5% and directs the remaining 0.5% to the Houlton Band of Maliseet
Indians and the Mi’kmaq Nation. The bill also provides that if either tribal
government receives revenue from internet gaming, the portion of the 0.5%
attributable to that government reverts to the General Fund. |
|
If neither tribal
government receives internet gaming revenue, General Fund revenue will
decrease by $3,179,647 beginning in fiscal year 2026-27 with a corresponding
increase in Other Special Revenue Funds revenue. The bill includes an
accompanying Other Special Revenue Funds allocation to authorize distribution
of this revenue to the specified tribal governments. |
|
If one or both
tribal governments receive internet gaming revenue, the General Fund revenue
reduction will be partially or fully offset as the redirected revenue reverts
to the General Fund. Because the regulatory framework for internet gaming has
not been finalized, the fiscal impact of this provision cannot be determined
at this time. |
|
|
|
|
|
|
|