| | | Sec. 6. 30-A MRSA §706-A, sub-§1, ¶A, as enacted by PL 2005, c. 2, Pt. | | B, §1 and affected by §§2 and 4 and c. 12, Pt. WW, §14, is | | amended to read: |
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| | A. "Average real personal income growth" means the average | for the prior 10 calendar years, ending with the most recent | calendar year for which data is available, of the percent | change in personal income in this State, as estimated by the | United States Department of Commerce, Bureau of Economic | Analysis, less the percent change in the Consumer Price | Index for the calendar year. For purposes of this | subsection, "Consumer Price Index" has the same meaning as | in Title 36, section 5402, subsection 1 | | as under Title 5, section 1531, subsection 2. |
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| | | Sec. 7. 30-A MRSA §706-A, sub-§1, ¶C, as enacted by PL 2005, c. 2, Pt. | | B, §1 and affected by §§2 and 4 and c. 12, Pt. WW, §14, is | | amended to read: |
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| | C. "Forecasted inflation" means the average amount of | change of the Consumer Price Index for the calendar years | that are part of the ensuing biennium forecasted by the | Consensus Economic Forecasting Commission in its November | 1st report of even-number years | | under Title 5, section 1531, subsection 6. |
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| | | Sec. 8. 30-A MRSA §706-A, sub-§1, ¶E, as enacted by PL 2005, c. 2, Pt. | | B, §1 and affected by §§2 and 4 and c. 12, Pt. WW, §14, is | | amended to read: |
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| | E. "State and local tax burden" means the total amount of | state and local taxes paid by Maine residents per $1,000 of | income, as determined annually by the State Tax Assessor | based on data from the United States Department of Commerce, | Census Bureau and Bureau of Economic Analysis | | meaning as under Title 5, section 1531, subsection 9. |
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| | | Sec. 9. 30-A MRSA §706-A, sub-§2, ¶B, as enacted by PL 2005, c. 2, Pt. | | B, §1 and affected by §§2 and 4 and c. 12, Pt. WW, §14, is | | amended to read: |
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| | | B. The county assessment limit for subsequent fiscal years | | is the county assessment limit for the preceding year | | multiplied by one plus the growth limitation factor pursuant | | to subsection 3. |
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| | | Sec. 10. 30-A MRSA §706-A, sub-§4, as enacted by PL 2005, c. 2, Pt. B, | | §1 and affected by §§2 and 4 and c. 12, Pt. WW, §14, is repealed | | and the following enacted in its place: |
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