LD 126 LR 256(01)
An Act To Establish New Monetary Caps for Legislative Candidates under the Maine Clean Election Act
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Fredette of Newport
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Other Special Revenue Funds ($1,202,701) $0 $0 $0
Other Special Revenue Funds ($44,695) $0 $0 $0
Fiscal Detail and Notes
Reducing the distribution a candidate running for State Senate or House Representative may receive from the Maine Clean Election Fund (MCEF) by 1/3 will reduce anticipated spending from the fund by $1,202,701 and will reduce revenue from qualifying contributions collected by candidates by $44,695 in fiscal year 2017-18.