121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1383
		An Act to Limit the Growth of Government Spending
		LR 0562(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
		Minority Report
Fiscal Note
Current biennium cost increase - General Fund
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-03	General	Referendum	Standard
	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.
Fiscal Detail and Notes
	The amended bill will limit General Fund expenditures to increases that do not exceed 2/3 of the average real personal growth rate plus 2/3 of the average forecasted inflation rate. The bill also specifies the disposition of General Fund revenue that exceeds the expenditure limit that is calculated each fiscal year.