131st MAINE LEGISLATURE
LD 1458 LR 1174(01)
An Act to Increase Funding for the Maine School of Science and Mathematics
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Pres. Jackson of Aroostook
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund $1,901,778 $1,901,778 $1,901,778 $1,901,778
Appropriations/Allocations
General Fund $1,901,778 $1,901,778 $1,901,778 $1,901,778
Fiscal Detail and Notes
This bill includes General Fund appropriations totaling $1,901,778 per year beginning in fiscal year 2023-24 to the General Purpose Aid for Local Schools program within the Department of Education to support the Maine School of Science and Mathematics (MSSM).  
Funding for the MSSM is included in the targeted education funds component of the total cost of education from kindergarten to grade 12 pursuant to Title 20-A, section 15689-A, subsection 14.  If this bill is enacted, the amount appropriated here for fiscal year 2023-24 will be added to the amount already designated for the MSSM in Public Law 2023, chapter 17, Part C.