124th MAINE LEGISLATURE
LD 313 LR 145(01)
An Act To Add a Fuel Oil Benefit to the Circuitbreaker Program
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Tuttle, Jr. of Sanford
Committee: Taxation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
2009-10 2010-11 Projections 2011-12 Projections 2012-13
Net Cost (Savings)
General Fund $30,221,944 $32,711,515 $35,224,144 $37,737,416
Appropriations/Allocations
General Fund $221,944 $211,515 $224,144 $237,416
Revenue
General Fund ($30,000,000) ($32,500,000) ($35,000,000) ($37,500,000)
Fiscal Detail and Notes
Extending the Property Tax and Rent Refund Program to include relief for the cost of petroleum-based heating fuel will necessitate funding to Maine Revenue Services for three new positions, computer programming and additional mailing and postage due to anticipated participation increase.  The reduction to General Fund revenue is expected to start at approximately $30,000,000 beginning in FY 2009-10.