121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1887
		Resolve, To Reduce the State Valuation for the Town of Lincoln
		LR 2765(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Cathcart of Penobscot
		Committee: Taxation
		Fiscal Note Required: Yes
Fiscal Note
No net state fiscal impact.
Fiscal Detail and Notes
	Reducing the 2004 state valuation for the Town of Lincoln will result in an increase in state subsidy from the General Purpose Aid for Local Schools program within the Department of Education for SAD 67 and the Town of Lincoln in fiscal year 2004-05.  The change in state valuation will have an impact on the local school administrative unit, SAD 67, through their cost-sharing formula by lowering the local share for the Town of Lincoln and increasing the local share for other member units.  The amounts can not be determined at this time.
	Increasing the amount of funding received by the Town of Lincoln for General Purpose Aid for Local Schools in fiscal year 2004-05 will reduce the amount of school subsidy available for distribution to all other local school units in the state.  The impact to each individual unit can not be determined at this time.