129th MAINE LEGISLATURE
LD 193 LR 328(03)
An Act To Fully Fund and Restore State-Municipal Revenue Sharing
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
General Fund ($85,218,902) ($74,524,016) $0 $0
Revenue
General Fund $85,218,902 $74,524,016 $0 $0
Other Special Revenue Funds ($85,218,902) ($74,524,016) $0 $0
Fiscal Detail and Notes
This amendment reduces the revenue sharing percentage to 2.5% in fiscal year 2019-20 and 3% in fiscal year 2020-21, returning to 5% in fiscal year 2021-22.  It would result in an increase in General Fund revenue of $85,218,902 in fiscal year 2019-20 and $74,524,016 in fiscal year 2020-21, with a corresponding decrease in Local Government Fund revenue.