§15699. State subsidy transition period
Beginning in fiscal year 2027-28 and until fiscal year 2030-31, the State may not reduce from the previous fiscal year the amount of a school administrative unit's state subsidy attributable to the combination of the regional adjustment calculated pursuant to section 15682‑A and the local contribution calculated pursuant to section 15688, subsection 3‑A. Beginning in fiscal year 2030-31, the following provisions apply.
[PL 2025, c. 737, §7 (NEW).]
1.
Fiscal year 2030-31.
In fiscal year 2030-31, the amount of a school administrative unit's state subsidy attributable to the combination of the regional adjustment calculated pursuant to section 15682‑A and the local contribution calculated pursuant to section 15688, subsection 3‑A may not be reduced by the State by more than 25% from the previous fiscal year.
[PL 2025, c. 737, §7 (NEW).]
2.
Fiscal year 2031-32.
In fiscal year 2031-32, the amount of a school administrative unit's state subsidy attributable to the combination of the regional adjustment calculated pursuant to section 15682‑A and the local contribution calculated pursuant to section 15688, subsection 3‑A may not be reduced by the State by more than 50% from the previous fiscal year.
[PL 2025, c. 737, §7 (NEW).]
3.
Fiscal year 2032-33 and subsequent fiscal years.
In fiscal year 2032-33 and in each subsequent fiscal year, the state subsidy for all school administrative units is adjusted by the regional adjustment calculated pursuant to section 15682‑A and the local contribution calculated pursuant to section 15688, subsection 3‑A.
[PL 2025, c. 737, §7 (NEW).]
SECTION HISTORY
PL 2025, c. 737, §7 (NEW).