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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1167 |
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RESOLUTION,
Proposing an Amendment to the Constitution of Maine To Restrict an Increase
in the Growth of the State Budget to No Greater than 75% of the Rate of
Growth of Per Capita Income |
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LR 0957(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Kaelin of Winterport |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Current biennium cost increase - General Fund |
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Referendum
Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-03 |
General |
Referendum |
Standard |
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The
Secretary of State's budget includes sufficient funds to accommodate one
ballot of average length for the general election in November. If the number
or size of the referendum questions increases the ballot length, an
additional appropriation of $8,000 or more may be required. |
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Fiscal Detail
and Notes |
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If
approved by the voters, this bill may result in the reduction or elimination
of some programs within state government as a result of staying within the
proposed General Fund expenditures ceiling.
Any potential savings to the State as a result of making additional
payments to the unfunded liability of the Maine State Retirement System can
not be determined at this time. |
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