122nd MAINE LEGISLATURE
LD 468 LR 2149(17)
An Act Making Unified Appropriations and Allocations for the Expenditures of State Government, General Fund and Other Funds, and Changing Certain Provisions of the Law Necessary to the Proper Operations of State Government for the Fiscal Years Ending June 30, 2006 and June 30, 2007
Fiscal Note for House Amendment " " to Committee Amendment " "
Sponsor: Rep. Bowen
Fiscal Note Required: Yes
   
             
Fiscal Note
Current bienniom cost decrease - General Fund
Current bienniom revenue increase - General Fund
Fiscal Detail and Notes
This amendment replaces Committee Amendment "A" and will increase the General Fund cost of the bill by $2,201,786 in fiscal year 2004-05 and decrease the General Fund cost of the bill by $2,715,820,454 in fiscal year 2005-06 and $2,824,797,009 in fiscal year 2006-07.  Based on the estimated year-end balances, this amendment maintains a balanced budget for the 2006-2007 biennium.
This amendment authorizes $676,943,471 in General Fund allotment for the first quarter of fiscal year 2005-06 and $82,510,295 in Highway Fund allotment for the first quarter of fiscal year 2005-06.  These amounts represent one quarter of the budgeted revenue for each of these two funds.  It also provides a mechanism for limited allotment for other state government funds in the first quarter of fiscal year 2005-06.