LD 1171 LR 1651(01)
An Act To Sustain and Attract Skilled Workers to Maine by Improving the Job Creation Through Educational Opportunity Program
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Chenette of York
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $100,000 $100,000 $100,000 $100,000
General Fund $100,000 $100,000 $100,000 $100,000
Fiscal Detail and Notes
The Educational Opportunity Tax Credit Marketing program within the Finance Authority of Maine will require ongoing General Fund appropriations totaling $100,000 per year beginning in fiscal year 2017-18 to support the Job Creation Through Educational Opportunity Program.  Of this amount, $70,000 per year is provided for one liaison position to assist Maine residents with issues associated with participating in the program.  The remaining $30,000 per year is for increasing the funding for the marketing of the program from $20,000 per year to $50,000 per year.