| | Emergency preamble. Whereas, Acts and resolves of the Legislature do | not become effective until 90 days after adjournment unless | enacted as emergencies; and |
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| | Whereas, the value of property within a municipality has a | strong effect on the calculation of municipal revenue sharing; | and |
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| | Whereas, the Town of Milo derives a large portion of its tax | valuation from the presence of the Dexter Shoe Company factory; | and |
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| | Whereas, the Dexter Shoe Company has recently announced the | closure of its factory in Milo; and |
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| | Whereas, unless immediate action is taken to account for this | decrease in valuation, the Town of Milo will suffer through the | loss of significant revenues based on the closing of the Dexter | Shoe Company factory; and |
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| | Whereas, in the judgment of the Legislature, these facts create | an emergency within the meaning of the Constitution of Maine and | require the following legislation as immediately necessary for | the preservation of the public peace, health and safety; now, | therefore, be it |
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| | Sec. 1. Modify 2000 state valuations. Resolved: That, notwithstanding the | Maine Revised Statutes, Title 36, the 2000 state valuations for | the Town of Milo, for the purposes of calculating state-municipal | revenue sharing funds, must be based on a valuation that values | the property of the Dexter Shoe Company factory in the Town of | Milo at $0. |
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| | Emergency clause. In view of the emergency cited in the preamble, | this resolve takes effect when approved. |
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| | This bill reduces the state valuation of the Dexter Shoe | Company factory in the Town of Milo to $0 for purposes of | calculating educational aid and other state aid. |
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