LD 193 LR 328(05)
An Act To Fully Fund and Restore State-Municipal Revenue Sharing
Fiscal Note for Senate Amendment " " to Original Bill
Sponsor: Sen. Chipman of Cumberland
Fiscal Note Required: Yes
Fiscal Note
FY 2018-19 FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
General Fund ($49,941,123) $51,441,123 $0 $0 $0
General Fund $49,941,123 ($51,441,123) $0 $0 $0
Other Special Revenue Funds ($49,941,123) $51,441,123 $0 $0 $0
Fiscal Detail and Notes
This amendment removes the emergency preamble from the bill, but keeps the retroactive impact to January 1, 2019.  As the effective date of the bill will now occur in fiscal year 2019-20, there will be no fiscal impact in fiscal year 2018-19 and the General Fund revenue reduction and the Local Government Fund revenue increase caused by the bill in that year are reversed and moved to fiscal year 2019-20. The amounts in fiscal year 2019-20 are higher because they are based on updated revenue estimates from the May 2019 Revenue Forecasting Committee forecast.