(4) For fiscal year 2008-09 and succeeding years, the target is 96% 100%.

(5) For fiscal year 2009-10 and succeeding years, the target is 100%.

B. The annual targets for the state share percentage of the statewide adjusted total cost of the components of essential programs and services are as follows.

(1) For fiscal year 2005-06, the target is 52.6%.

(2) For fiscal year 2006-07, the target is 52.6% 53.86%.

(3) For fiscal year 2007-08, the target is 53% 54.44%.

(4) For fiscal year 2008-09 and succeeding years, the target is 54% 55%.

(5) For fiscal year 2009-10 and succeeding years, the target is 55%.

Sec. D-35. 20-A MRSA §15671-A, as enacted by PL 2003, c. 712, §11, is amended to read:

§15671-A. Property tax contribution to public education

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

A. "Funding public education from kindergarten to grade 12" means providing the cost of funding the essential programs and services described in this chapter plus, including the total allocations for program cost other subsidizable costs, debt service costs and adjustments.

B. "Local cost share expectation" means the maximum amount of money for funding public education from kindergarten to grade 12 that may be derived from property tax for the required local contribution established in section 15688, subsection 3 3-A.

C.__"Statewide total local share" means the local share, calculated on a statewide basis, of the statewide total cost of the components of essential programs and services as