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(18)
						Fiscal Note for Senate Amendment " " to Committee Amendment "C"
		Sponsor: Sen. Stanley
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$0	$14,783,184	$25,336,096	$35,901,053
Appropriations/Allocations
	General Fund		$0	$14,915,437	$25,473,639	$36,044,097
Revenue
	General Fund		$0	$132,253	$137,543	$143,044
	Other Special Revenue Funds		$0	$7,107	$7,545	$7,846
Fiscal Detail and Notes
	This amendment increases the General Fund cost of the bill by $14,783,184 in fiscal year 2004-05.
					Projections	Projections
	General Fund Summary		2003-04	2004-05	2005-06	2006-07
	Undo Tiered Homestead (PL 2003, c. 20)
	-  Homestead Reimbursement		$0	$4,947,662	$5,059,689	$5,185,947
	-  Individual Income Tax Revenue Impact		$0	($132,253)	($137,543)	($143,044)
	Undo Tiered Homestead Subtotal		$0	$4,815,409	$4,922,146	$5,042,903
	Expand Circuitbreaker		$0	$9,967,775	$20,413,950	$30,858,150
	Net General Fund Cost (Savings)		$0	$14,783,184	$25,336,096	$35,901,053