121st Maine Legislature
		Office of Fiscal and Program Review
		LD 744
		An Act to Ensure Improved Stability in School Funding Distributions
		LR 0105(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Lemoine of Old Orchard Beach
		Committee: Education and Cultural Affairs
		Fiscal Note Required: Yes
Fiscal Note
	Minor cost increase - General Fund
Fiscal Detail and Notes
	This bill would result in a redistribution of the available funds for General Purpose Aid for Local Schools with some school administrative units receiving an increase in subsidy and some units receiving a decrease in subsidy.  The impact to the individual units cannot be determined until the Cobol programming for the school funding formula is revised and will depend on the level of funding approved for General Purpose Aid for Local Schools in the Governor's proposed Current Services budget for the 2004-2005 biennium.  The Department of Education will incur some minor costs associated with revising the Cobol programming.  These costs can be absorbed by the Department utilizing existing budgeted resources.