| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 30-A MRSA §5681, sub-§2, ¶¶C to E are enacted to read: |
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| | | C.__"Annual growth ceiling" for fiscal year 2000-01 means | | the amount certified by the Treasurer of State by September | | 1, 2000 as the amount transferred to the Local Government | | Fund in fiscal year 1999-00.__For subsequent fiscal years, | | "annual growth ceiling" must be determined by the State Tax | | Assessor by September 1st annually and means the annual | | growth ceiling adjusted by the lower of the increase for the | | previous fiscal year in the Consumer Price Index or the | | increase in receipts from the taxes imposed under Title 36, | | Parts 3 and 8.__The annual growth ceiling may not be less | | than the annual growth ceiling for the previous year. |
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| | | D.__"Consumer Price Index" means the average over a 12-month | | period ending June 30th annually of the National Consumer | | Price Index, not seasonally adjusted, published monthly by | | the United States Department of Labor, Bureau of Labor | | Statistics designated as the "National Consumer Price Index | | for All Urban Consumers - United States City Average." |
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| | | E.__"Disproportionate tax burden" means the total real and | | personal property taxes assessed in the most recently | | completed municipal fiscal year, except the taxes assessed | | on captured value within a tax increment financing district, | | divided by the latest state valuation certified to the | | Secretary of State and reduced by .01. |
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| | | Sec. 2. 30-A MRSA §5681, sub-§3, as amended by PL 1989, c. 104, Pt. C, | | §§8 and 10, is further amended to read: |
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| | | 3. Revenue-sharing funds. To strengthen the state-municipal | | fiscal relationship pursuant to the findings and objectives of | | subsection 1, there is established the Local Government Fund. To | | provide additional support for municipalities experiencing a | | higher-than-average property tax burden, there is established the | | Disproportionate Tax Burden Fund. |
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| | | Sec. 3. 30-A MRSA §5681, sub-§4, as amended by PL 1989, c. 104, Pt. C, | | §§8 and 10, is repealed. |
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| | | Sec. 4. 30-A MRSA §5681, sub-§§4-A and 4-B are enacted to read: |
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| | | 4-A.__Distribution of Local Government Fund.__The Treasurer of | | State shall transfer the balance in the Local Government Fund on | | the 20th day of each month.__Money in the |
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