| 125th MAINE LEGISLATURE | ||||||
| LD 643 | LR 1555(02) | |||||
| An Act To Protect Public Safety in the Operation of the Oxford County Casino | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment "A" | ||||||
| Committee: Veterans and Legal Affairs | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| FY 2011-12 | FY 2012-13 | Projections FY 2013-14 | Projections FY 2014-15 | |||
| Net Cost (Savings) | ||||||
| General Fund | $461,950 | $1,078,650 | $703,400 | $703,400 | ||
| Revenue | ||||||
| General Fund | ($461,950) | ($1,078,650) | ($703,400) | ($703,400) | ||
| Other Special Revenue Funds | $461,950 | $1,078,650 | $703,400 | $703,400 | ||
| Fiscal Detail and Notes | ||||||
| This legislation provides that casino and racino application and license fees are deposited into a dedicated account within the Department of Public Safety, Gambling Control Board. Currently, these fees are deposited into the General Fund. There will be a reduction in General Fund revenues of $461,950 in fiscal year 2011-12 and $1,078,650 in fiscal year 2012-13 and a corresponding increase in Other Special Revenue Funds revenue. | ||||||
| Additional costs to the Department of Public Safety associated with rulemaking and reporting on those rules can be absorbed with existing staff and within existing budgeted resources. | ||||||