LD 1
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LD 1 Title Page An Act To Increase the State Share of Education Costs, Reduce Property Taxes an... Page 2 of 70
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LR 328
Item 1

 
Emergency preamble. Whereas, acts of the Legislature do not become
effective until 90 days after adjournment unless enacted as
emergencies; and

 
Whereas, this Act provides a variety of tools to reduce the
property tax burden of Maine residents, including of those
residents most in need of such reductions, and the overall state
and local tax burden; and

 
Whereas, the tools to reduce property taxes provided in this Act
include an increase in the state share of education funding and
measures to control government spending at the state, county,
municipal and school district levels in a manner that respects
the role of local decision making and thus provide means to
control the demand for property tax revenues; and

 
Whereas, property tax reduction is a major concern of the people
of Maine as evidenced by the Legislature's consideration and
debate of a variety of proposals on this topic in recent years,
including citizen-initiated legislation;

 
Whereas, property tax reduction to Maine residents and
businesses will provide an important improvement to the State's
business climate and a potential stimulus of the state economy as
a result; and

 
Whereas, in the judgment of the Legislature, these facts create
an emergency within the meaning of the Constitution of Maine and
require the following legislation as immediately necessary for
the preservation of the public peace, health and safety; now,
therefore,

 
Be it enacted by the People of the State of Maine as follows:

 
PART A

 
Sec. A-1. 5 MRSA 1511, as amended by PL 2003, c. 451, Pt. X, 1,
is repealed.

 
Sec. A-2. 5 MRSA 1513, as amended by PL 2003, c. 451, Pt. X, 2
to 4, is repealed.

 
Sec. A-3. 5 MRSA 1517, as amended by PL 2003, c. 451, Pt. X, 6,
is repealed.

 
Sec. A-4. 5 MRSA c. 142 is enacted to read:

 
CHAPTER 142

 
MAINE BUDGET STABILIZATION FUND


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