| 122nd MAINE LEGISLATURE | |||||||||
| LD 1103 | LR 0386(01) | ||||||||
| An Act To Provide Funding to the Land for Maine's Future Fund | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Bowen of Rockport | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $11,614,440 | $11,684,726 | $11,755,435 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($11,614,440) | ($11,684,726) | ($11,755,435) | |||||
| Other Special Revenue Funds | $0 | $11,614,440 | $11,684,726 | $11,755,435 | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to reduce General Fund revenue by $11,614,440 in fiscal year 2006-07 and increase Other Special Revenue to the Land for Maine's Future Fund by a corresponding amount. The Governor's current services budget also includes changes to the distribution of real estate transfer tax revenue during the 2006-2007 biennium. | |||||||||