121st Maine Legislature
		Office of Fiscal and Program Review
		LD 858
		An Act to Establish a Municipal Affordable Housing Development District Tax Increment Financing Program
		LR 0787(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
	Minor cost increase - General Fund
Fiscal Detail and Notes
	This legislation provides that the captured assessed value for an affordable housing development district be excluded from a municipality's state valuation if a tax incrementing financing program is approved by a municipality.  This measure will result in the amount of state subsidy that a local school unit is to receive not being affected by the addition of an affordable housing development district to a municipality.  Any additional costs to the Maine State Housing Authority can be absorbed utilizing existing budgeted resources.