122nd MAINE LEGISLATURE
		LD 1		LR 0328(36)
	An Act to Increase the State Share of Education Costs, Reduce Property Taxes and Reduce Government Spending at All Levels
	Fiscal Note for House Amendment " " to Committee Amendment " "
	Sponsor: Rep. Bowles
	Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	General Fund		($49,585,466)	$3,155,794	$54,415,964	$3,239,927
Appropriations/Allocations
	General Fund		($49,989,011)	$2,104,362	$53,385,184	$2,224,866
	Other Special Revenue Funds		$0	$13,735,634	$5,881,111	$0
Revenue
	General Fund		($403,545)	($1,051,432)	($1,030,780)	($1,015,061)
	Other Special Revenue Funds		($22,136)	($57,673)	($56,541)	($55,679)
Fiscal Detail and Notes
	This amendment increases funding for education by $103,940,876 in fiscal year 2006-07.  Of that amount, $90,205,242 will be distributed to school administrative units as additional state subsidy and $13,735,634 will be transferred to the Fund for the Efficient Delivery of Educational Services.  It also includes a statewide deappropriation to fund the total cost of the bill as amended by this amendment and bring General Fund appropriations for the 2006-2007 biennium to approximately what they were during fiscal year 2003-04 with the exception of General Purpose Aid for Local Schools.
					Projections	Projections
General Fund Detail - Cost/(Savings)			2005-06	2006-07	2007-08	2008-09
	Education		$0	$103,940,876	$51,513,178	$0
	Statewide Reduction		($52,118,542)	($104,000,000)	$0	$0
	Homestead		$2,129,531	$2,163,486	$1,872,006	$2,224,866
	Circuit Breaker		$0	$673,247	$650,766	$633,617
	Individual Income Tax		$403,545	$378,185	$380,014	$381,444
			($49,585,466)	$3,155,794	$54,415,964	$3,239,927