121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1307
		RESOLUTION, Proposing an Amendment to the Constitution of Maine To Create the Maine Economic Stabilization and Endowment Fund
		LR 1466(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Woodbury of Yarmouth
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
Fiscal Note
Potential future biennium revenue decrease - General Fund
Potential future biennium savings - General Fund
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-03	General	Referendum	Standard
	The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general election in November. If the number or size of the referendum questions increases the ballot length, an additional appropriation of $8,000 or more may be required.
Fiscal Detail and Notes
	If approved by the voters, this bill will result in a reduction of General Fund revenue due to the proposed  transfer of two per cent of General Fund revenue monthly to the Budget Stabilization and Endowmnent Fund.  This loss of  General Fund revenue will be partially offset by the 4 % or more of the Budget Stabilization and Endowment Fund that will be transferred back to the General Fund to be appropriated annually for expenditures by the Legislature.