| | |
operating costs allocation.__The statewide millage for the | | operating costs allocation is established by increasing the | | original mill indices to the level required to offset the | | underfunded state share as well as the local share.__If, for | | any fiscal year, the total amount appropriated for the State's | | share of the program cost allocation is less than 60% of the | | total program cost allocation, the local share of the program | | cost allocation must be increased to the level required to | | maintain the total program cost allocation by increasing the | | program millage indices to the level required to offset the | | underfunded state share of program costs as well as the local | | share, thus maintaining the total program cost allocation.__ | | The debt service millage limit remains as originally | | calculated under section 15611, subsection 1, paragraph A.__ | | The resulting millage indices are used to calculate the local | | share of the total allocation and the level of state subsidy. |
|
| | | Sec. 5. 20-A MRSA §15603, sub-§27, as amended by PL 1993, c. 410, Pt. | | F, §16, is further amended to read: |
|
| | | 27. Subsidy indices. "Subsidy indices" means the equivalent | | of mill rates that, when applied to the fiscal capacity of all | municipalities, would raise not more than 45% of the total | allocation and would establish | | millage, the program millage limit and the debt service millage | | limit. |
|
| | | These indices may not be levied, but must be used for the purpose | | of computing allocations. |
|
| | | Sec. 6. 20-A MRSA §15605, sub-§2, ¶D, as amended by PL 1989, c. 466, | | §4, is further amended to read: |
|
| | | D. The requested funding levels for debt service under | section 15604, subsection 1, paragraph G, shall be | | follows: |
|
| | | (1) The known obligations and estimates of anticipated | | principal and interest costs for the year of | | allocation; |
|
| | (2) The expenditures for the insured value factor for the | base year; |
|
| | | (3) The level of leases, including leases under which the | | school administrative unit may apply the lease payments | | to the purchase of portable, temporary classroom space | | beginning January 1, 1988, approved by the commissioner | | for the year prior to the year of allocation; |
|
|
