LD 1805 LR 2157(01)
Resolve, Regarding Legislative Review of Chapter 26: Producer Margins, a Major Substantive Rule of the Maine Milk Commission
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. O'Neil of Saco
Committee: Agriculture, Conservation and Forestry
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $5,781,910 $10,618,695 $8,845,005 $8,846,868
Other Special Revenue Funds $5,781,910 $10,618,695 $8,845,005 $8,846,868
General Fund ($5,781,910) ($10,618,695) ($8,845,005) ($8,846,868)
Other Special Revenue Funds $5,781,910 $10,618,695 $8,845,005 $8,846,868
Fiscal Detail and Notes
This bill proposes to adopt a Maine Milk Commission rule that creates a 4-tiered system and updates target prices for each tier based upon the breakeven cost of production used to make payouts through the Dairy Stabilization Program. It will decrease General Fund revenue by $5,781,910 in fiscal year 2021-22 and by $10,618,695 in fiscal year 2022-23 and increase Other Special Revenue Funds revenue to the Bureau of Agriculture, Food and Rural Resources within the Department of Agriculture, Conservation and Forestry by the same amounts. The department will require corresponding increases in Other Special Revenue Funds allocations in order to make increased payouts through the program.