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Provides funds for the increase in school | subsidy payments for the City of Westbrook | that result from reducing the state valuation | of certain property for the purpose of the | calculation of school subsidy. |
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| | Emergency clause. In view of the emergency cited in the preamble, | this resolve takes effect when approved. |
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| APPROPRIATIONS/ALLOCATIONS |
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| | Reducing the state valuation for the City of Westbrook for the | purpose of calculating school subsidy will increase the amount of | subsidy payable to the city by $705,121 in fiscal year 1999-00. | Based on total General Fund appropriations for school subsidy for | fiscal year 1999-00 provided in Public Law 1999, chapter 16, and | since subsidy allocation estimates for fiscal year 1999-00 have | already been provided to school administrative units, the resolve | includes a General Fund appropriation to the Department of | Education in the amount of $705,121 to avoid a redistribution and | reduction of subsidy to other school administrative units. |
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| | This resolve establishes the state valuation, for purposes of | calculation of school appropriations, for the Sappi Fine Paper | North America plant located in the City of Westbrook at | $140,000,000 for fiscal year 1999-00. |
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