123rd MAINE LEGISLATURE
		LD 338		LR 1083(01)
	An Act Regarding the Labor Market Adjustment for Teacher Salary Costs under Essential Programs and Services Funding
	Fiscal Note for Original Bill
	Sponsor: Sen. Sherman of Aroostook
	Committee: Education and Cultural Affairs
	Fiscal Note Required: Yes
Fiscal Note
No net fiscal impact - General Fund
Fiscal Detail and Notes
	Requiring the regional adjustment to the salary and benefits costs of teachers and other school personnel that is based on labor market areas in the State to be 1.0 beginning in fiscal year 2007-08 will not affect the General Fund appropriation needed to fund the State's share of General Purpose Aid for Local Schools in fiscal year 2007-08 or in future years.  However, this requirement will change the distribution of state subsidy among local school administrative units beginning in fiscal year 2007-08.  Although the impact to individual school units can not be determined at this time, those local units with a regional adjustment component that is currently greater than 1.0 will receive less subsidy and those local units with a regional adjustment component that is currently less than 1.0 will receive more subsidy.