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132nd MAINE LEGISLATURE |
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LD 2124 |
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LR 2746(03) |
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An Act to Support
Emergency Shelter Funding Using Revenue from the Real Estate Transfer Tax |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Housing and Economic Development |
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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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$0 |
$1,012,617 |
$1,206,452 |
$1,255,184 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$1,012,617 |
$1,206,452 |
$1,255,184 |
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| Revenue |
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General Fund |
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$0 |
($1,012,617) |
($1,206,452) |
($1,255,184) |
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Other Special Revenue Funds |
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$0 |
$1,012,617 |
$1,206,452 |
$1,255,184 |
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| Fiscal Detail
and Notes |
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The bill shifts 2
percent of real estate transfer tax revenue from the General Fund to the
Maine State Housing Authority's, Shelter Operating Subsidy, Other Special
Revenue Funds program, resulting in a decrease in General Fund revenue of
$1,012,617 in fiscal year 2026-27.
The bill also provides an Other Special Revenue Funds allocation of
$1,012,671 in fiscal year 2026-27 to the Maine State Housing Authority's,
Shelter Operating Subsidy program. |
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