| 122nd MAINE LEGISLATURE | |||||||||
| LD 2025 | LR 3117(01) | ||||||||
| An Act To Implement Recommendations of the Study Commission Regarding Liveable Wages Concerning the Circuit Breaker Program | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Lerman of Augusta | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $19,637,520 | $22,148,499 | $24,601,805 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $96,388 | $98,163 | $101,822 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($19,541,132) | ($22,050,336) | ($24,499,984) | |||||
| Other Special Revenue Funds | $0 | ($1,050,156) | ($1,209,512) | ($1,343,881) | |||||
| Fiscal Detail and Notes | |||||||||
| The expansion of the circuit breaker program will reduce General Fund revenue by $19,541,132 in fiscal year 2006-07. Maine Revenue Services will also require a General Fund appropriation of $96,388 in fiscal year 2006-07 for the administrative costs associated with these changes, including funds for one Tax Examiner position. | |||||||||