| | | 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, ¶B, as enacted by PL 1987, c. 737, Pt. | | A, §2 and Pt. C, §106 and amended by PL 1989, c. 6; c. 9, §2; and | | c. 104, Pt. C, §§8 and 10, is further amended to read: |
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| | | B. "Property 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-§2, ¶¶C, D and E, as enacted by PL 1999, c. | | 731, Pt. U, §1, are repealed. |
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| | | Sec. 3. 30-A MRSA §5681, sub-§3, as amended by IB 2003, c. 2, §2, 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. | | that collaborate with other municipalities, counties or state | | agencies to obtain savings in the cost of delivering local and | | regional governmental services, there is established the Fund for | | the Efficient Delivery of Local and Regional Services. |
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| | | Sec. 4. 30-A MRSA §5681, sub-§4-B, as enacted by PL 1999, c. 731, Pt. | | U, §4, is repealed. |
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| | | Sec. 5. 30-A MRSA §5681, sub-§5, as amended by PL 2003, c. 673, Pt. V, | | §5 and affected by §29, is further amended to read: |
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| | | 5. Transfers to funds. On the last day of each month, the | | Treasurer of State shall transfer to the Local Government Fund a | | percentage, as provided in this subsection, of the receipts from | | the taxes imposed under Title 36, Parts 3 and 8, and Title 36, | | section 2552, subsection 1, paragraphs A to F, and credited to | | the General Fund without any reduction, except that the postage, | | state cost allocation program and programming costs of | | administering state-municipal revenue sharing may be paid by the | Local Government Fund. Any amounts transferred to the Local | Government Fund in excess of the annual growth ceiling must be | transferred to the Disproportionate Tax Burden Fund. |
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