132nd MAINE LEGISLATURE
		LD 2212		LR 3049(21)
	An Act Making Supplemental Appropriations and Allocations from the General Fund and Other Funds for the Expenditures of State Government and Changing Certain Provisions of the Law Necessary to the Proper Operations of State Government for the Fiscal Years Ending June 30, 2026 and June 30, 2027
	Fiscal Note for House Amendment " " to Committee Amendment "A"
	Sponsor: Rep. Dodge of Belfast
	Fiscal Note Required: Yes
Fiscal Note
Redistribution of final priority transfers
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Appropriations/Allocations
	Other Special Revenue Funds		$0	$500	$500	$500
Fiscal Detail and Notes
	This amendment provides an ongoing Other Special Revenue Fund base allocation of $500 per year, beginning in fiscal year 2026-27, to the Retirement Benefit Improvement Fund within the Department of Administrative and Financial Services for the purpose of accumulating funds to pay for retirement benefit improvements for retired state employees and teachers and their beneficiaries such as increasing the base in which a retiree's cost-of-living adjustment is applied. The amendment requires that any balance remaining in the unappropriated surplus of the General Fund after the fixed-dollar transfers pursuant to 5 MRSA §1507, §1511, §1522 and §1519 be divided with 70% going to the Budget Stabilization Fund, 15% going to the Highway Fund, and 15% going to the Retirement Benefit Improvement Fund. Adding this transfer will reduce funding for the Budget Stabilization and Highway Fund. A balanced budget is maintained.