122nd MAINE LEGISLATURE
LD 699 LR 1007(02)
An Act To Repeal Tax and Match
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Health and Human Services
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $45,104,178 $61,855,910 $63,605,578 $65,404,737
Appropriations/Allocations
General Fund $45,104,178 $61,855,910 $63,605,578 $65,404,737
Federal Expenditures Fund ($52,860,464) ($72,351,066) ($74,271,737) ($76,243,394)
Other Special Revenue Funds ($76,983,219) ($105,481,885) ($108,397,321) ($111,393,339)
Revenue
Federal Expenditures Fund ($52,860,464) ($72,351,066) ($73,791,131) ($75,559,142)
Other Special Revenue Funds ($77,263,906) ($105,865,487) ($108,791,107) ($111,797,578)
Fiscal Detail and Notes
Assumes the elimination of MaineCare provider tax and PNMI service provider tax Other Special Revenue (OSR) Funds revenue consistent with the March 2005 Revenue Forecasting Committee updated forecast.  Assumes a reduction in OSR and federal allocations consistent with the elimination of increased payments to providers and the shifting of General Fund costs to OSR Funds. And lastly, assumes the General Fund savings that were achieved by shifting formerly General Fund costs to OSR Funds would be lost if the taxes are eliminated.   Assumes a 10/1/05 effective date.