| | | 4.__Adjustment for change in state funding.__If the State | | provides a net increase or decrease in funding to a county for | | existing services funded in whole or in part by the county | | assessment, other than required state mandate funds pursuant to | | section 5685 that do not displace current county assessment | | expenditures, adjustments to the county assessment limit apply as | | described in this subsection.__For purposes of this subsection, | | "net increase or decrease in funding" means the amount of funds | | received by the county from the State in that fiscal year, with | | respect to services funded in whole or in part by the county | | assessment, less the product of the following: the amount of such | | funds received in the prior fiscal year multiplied by one plus | | the growth limitation factor described in subsection 3. |
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| | | A.__If a county receives a net increase in funding in any | | fiscal year, the county shall reduce its county assessment | | limit in that year in an amount equal to the net increase in | | funding.__If a county receives a net increase in funding in | | any fiscal year for which its county assessment limit for | | that year cannot be adjusted, the county shall reduce its | | county assessment limit in the following year in an amount | | equal to the net increase in funding. |
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| | | B.__If a county receives a net decrease in funding in any | | fiscal year, the county may increase its county assessment | | limit in that year in an amount equal to the net decrease in | | funding.__If a county receives a net decrease in funding in | | any fiscal year for which its county assessment limit for | | that year cannot be adjusted, the county may increase its | | county assessment limit in the following year in an amount | | equal to the net decrease in funding. |
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| | | Sec. 11. 30-A MRSA §5721-A, sub-§1, ¶A, as enacted by PL 2005, c. 2, | | Pt. C, §1 and affected by §§3 and 5 and c. 12, Pt. WW, §16, 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 in Title 5, section 1531, subsection 2. |
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| | | Sec. 12. 30-A MRSA §5721-A, sub-§1, ¶B, as enacted by PL 2005, c. 2, | | Pt. C, §1 and affected by §§3 and 5 and c. 12, Pt. WW, §16, is | | amended to read: |
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