| 123rd MAINE LEGISLATURE | ||||||
| LD 1735 | LR 1871(01) | |||||
| An Act To Facilitate and Promote Regional Cooperation | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Saviello of Wilton | ||||||
| Committee: State and Local Government | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| State Mandate - Unfunded | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $25,561 | $26,455 | $27,381 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $25,561 | $26,455 | $27,381 | ||
| State Mandates | ||||||
| Required Activity | Unit Affected | Costs | ||||
| Administrative activities associated with this new property tax exemption | Municipality | Significant | ||||
| Fiscal Detail and Notes | ||||||
| The cost of reimbursing municipalities for 50% of the local property tax revenue loss is estimated to be $25,561 in fiscal year 2007-08. | ||||||