| | | 9.__Election.__A municipality may elect to raise its property | | tax levy limit upon the affirmative vote of the voters by | | municipal election held at any regular or special election.__ | | Notwithstanding any law to the contrary, such election may be | | called only upon the affirmative vote of a majority of the | | municipality's legislative body and must be governed according to | | state law and any applicable municipal charter.__The warrant for | | the election must set forth the question to be determined, which | | must be in the following form:__"Do you favor raising the levy | | limit of the [name of municipality] for the purpose of [insert | | purpose]?" |
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| | | 10.__Treatment of surplus; reserves.__Any property tax | | revenues collected by a municipality in any fiscal year in excess | | of its property tax levy limit, as determined by a final audited | | accounting, must be transferred to a property tax relief fund, | | which each municipality must establish, and used to reduce | | property tax levies in subsequent fiscal years.__Nothing in this | | subsection is intended to limit the ability of a municipality to | | maintain adequate reserves pursuant to section 5801, provided | | that annual allocations or appropriations of funds to reserves | | are treated as appropriations subject to the appropriation limits | | set forth in subsection 1. |
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| | | 11.__Fractional divisions.__A municipality may, consistent | | with Title 36, section 710, exceed its property tax levy limit in | | such reasonable amount as necessary to avoid fractional | | divisions. |
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| | | 12.__Enforcement.__In the event a municipality makes | | appropriations in violation of this section, the State Tax | | Assessor may require the municipality to adjust its appropriation | | limit downward in an amount equal to the illegal appropriation | | and impose such other penalties as the Legislature may provide. |
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| | | Sec. D-1. 5 MRSA §17154, sub-§6, ķE, as amended by PL 2003, c. 504, Pt. | | B, §1, is further amended to read: |
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| | | E. Notwithstanding this section, the employer retirement | | costs related to the retirement system applicable to those | | teachers whose funding is provided directly or through | | reimbursement from private or public grants must be paid by | | local school systems from those funds. "Public grants" does | | not include state or local funds provided to school | administrative units under Title 20-A, chapters 315, 606 | | 606-B. |
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