2008-09 100% 0%

The district meeting at which the article is considered must be conducted in accordance with the same procedures as a regular annual budget meeting conducted pursuant to Title 20-A, section 1701.

Sec. 4. Method of sharing costs in School Administrative District No. 74; transition provision. Notwithstanding the Maine Revised Statutes, Title 20-A, section 15688, subsections 2 and 3, and to ensure that the member municipalities in School Administrative District No. 74 do not experience significant adverse effects as a result of the cost- sharing mechanism established pursuant to Title 20-A, section 15688, subsections 2 and 3, the Department of Education shall continue to review and analyze the implications of this proposed cost-sharing mechanism on the member municipalities in School Administrative District No. 74. The Department of Education shall assist the member municipalities in School Administrative District No. 74 in developing a transition plan that includes a phase-in to achieve the new method of determining member municipalities' local cost of education in accordance with Title 20-A, section 15688, subsections 2 and 3 no later than fiscal year 2008-09. The Department of Education shall report the findings of this review, including any recommended legislation, to the Joint Standing Committee on Education and Cultural Affairs no later than February 1, 2006. The Joint Standing Committee on Education and Cultural Affairs is authorized to introduce a bill related to the Department of Education report to the Second Regular Session of the 122nd Legislature.

Sec. 5. State valuation for Town of Lincoln. Notwithstanding the filing deadline set forth in the Maine Revised Statutes, Title 36, section 208-A, the Town of Lincoln may request a reduction in its state valuation under Title 36, section 208-A for the year 2004 based on the reduction in value of the Eastern Fine Paper plant in the town.

Sec. 6. General purpose aid for local schools; Town of Lincoln. Notwithstanding any other provision of law, the Commissioner of Education shall adjust the payments to the Town of Lincoln for general purpose aid for local schools in accordance with the 2004 state valuation amount of $225,000,000 for fiscal year 2005-06. If any savings occur in fiscal year 2005-06 general purpose aid for local schools account, the appropriate amount of those savings must be applied to increase the general purpose aid for local schools allocation to School Administrative District No. 67 for fiscal year 2005-06. If insufficient savings occur in the fiscal year 2005-06 general purpose aid for local