LD 1364 LR 477(03)
An Act To Expand Opportunities for Economic Development in Maine
Fiscal Note for Senate Amendment " " to Original Bill
Sponsor: Sen. Volk of Cumberland
Fiscal Note Required: Yes
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $0 $52,250 $270,750 $432,250
General Fund $0 ($52,250) ($270,750) ($432,250)
Other Special Revenue Funds $0 ($2,750) ($14,250) ($22,750)
Fiscal Detail and Notes
This floor amendment removes the changes to the income requirements from the bill and would result in an incremental loss of General Fund revenue of $52,250 in fiscal year 2016-17 and an incremental loss of Local Government Fund revenue of $2,750 in fiscal year 2016-17. The revenue loss is greater in the out years.