125th MAINE LEGISLATURE
		LD 1835		LR 2603(02)
	An Act To Restore Equity in Revenue Sharing
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
No State fiscal impact
Fiscal Detail and Notes
	The bill provides for a phased-in change in the distribution of revenue-sharing funds from the Disproportionate Tax Burden Fund. Under current law, only municipalities with a property tax burden greater than 10 mills share in the distribution of these funds. The bill gradually increases the eligibility threshold until only municipalities with an equalized property tax rate in excess of the statewide average property tax rate are entitled to a share of the funds. The phased-in change can only ocur if the total revenue sharing distribution as established in statute is being provided without reduction or transfer. The bill would have no impact on total State revenues or expenditures, but would result in a different allocation of revenue sharing from the Disproportionate Tax Burden Fund than under current law.