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B. "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 | | 1531, subsection 6. |
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| | | Sec. 13. 30-A MRSA §5721-A, sub-§1, ¶E, 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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| | 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 in Title 5, section 1531, subsection 9. |
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| | | Sec. 14. 30-A MRSA §5721-A, sub-§2, ¶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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| | | B. The property tax levy limit for subsequent fiscal years | | is the property tax levy limit for the preceding year | | multiplied by one plus the growth limitation factor pursuant | | to subsection 3. |
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| | | Sec. 15. 30-A MRSA §5721-A, sub-§4, as enacted by PL 2005, c. 2, Pt. | | C, §1 and affected by §§3 and 5 and c. 12, Pt. WW, §16, is | | repealed and the following enacted in its place: |
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| | | 4.__Adjustment for change in state funding.__If the State | | provides a net increase or decrease in funding to a municipality | | for existing services funded in whole or in part by the property | | tax levy, other than required state mandate funds pursuant to | | section 5685 that do not displace current property tax | | expenditures, adjustments to the property tax levy 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 municipality from the State in that fiscal year, | | with respect to services funded in whole or in part by the | | property tax levy, compared to 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.__For purposes of determining adjustments under this | | subsection, changes in state funding do not include changes in | | state funding for general assistance under Title 22, section 4311 | | or state funding under the Urban-Rural Initiative Program under | | Title 23, section 1803-B if those changes are the result of the | | operation of the formulas for calculation of state funding under |
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