121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1629
		RESOLUTION, Proposing a Competing Measure under the Constitution of Maine to Create Municipal Budget Caps, Reduce the Cost of Local Government through Increased State Education Funding and Provide Property Tax Relief
		LR 2165(12)
						Fiscal Note for House Amendment " " to Committee Amendment "C"
		Sponsor: Rep. McGowan
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	$0	$44,468,969	$24,272,974
Appropriations/Allocations
	General Fund		$0	$0	$44,468,969	$24,272,974
Fiscal Detail and Notes
	This amendment increases the cost of the bill by $44,468,969 in fiscal year 2005-06 and $24,272,974 in fiscal year 2006-07 due to the change in the way the increased state funding for education is distributed over the 5-year period and the expansion of responsibilities to the Department of Audit.
					Projections	Projections
	General Fund Summary		2003-04	2004-05	2005-06	2006-07
	Additional Appropriation needed to fund EPS  in this proposal		$0	$0	$44,428,969	$24,192,974
	Additional Department of Audit appropriation		$0	$0	$40,000	$80,000
	Net General Fund Cost (Savings)		$0	$0	$44,468,969	$24,272,974