121st Maine Legislature
		Office of Fiscal and Program Review
		LD 138
		Resolve, Directing the State Tax Assessor to Adjuts the State Valuation for the Town of Ashland
		LR 1720(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Martin
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings):
	General Fund		$62,969	$0	$0	$0
Appropriations/Allocations
	General Fund		$62,969	$0	$0	$0
Fiscal Detail and Notes
	Based on the Governor's proposed Current Services budget for the 2004-2005 biennium, the General Purpose Aid for Local Schools program within the Department of Education will require an additional General Fund appropriation in fiscal year 2003-04 of $62,969.  This bill will also have a fiscal impact on member towns of School Administrative District #32.  Lowering the valuation for the town of Ashland will result in that town's local share that is based on valuation to be lower.  However, the local share to the remaining towns in the District will increase.  The actual impact to each member town can not be determined at this time.