122nd MAINE LEGISLATURE
		LD 1573		LR 1964(02)
	An Act to Authorize a Tribal Commercial Track and Slot Machines in Washington County
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Legal and Veterans Affairs
	Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	General Fund		($616,977)	($2,206,365)	($4,380,363)	($4,818,024)
	Fund For Healthy Maine		($161,663)	($1,978,740)	($3,700,290)	($4,117,500)
Appropriations/Allocations
	General Fund		$303,551	$448,824	$562,841	$601,053
	Other Special Revenue Funds		$452,656	$5,558,503	$10,378,843	$11,547,031
Revenue
	General Fund		$920,528	$2,655,189	$4,943,204	$5,419,077
	Fund For Healthy Maine		$161,663	$1,978,740	$3,700,290	$4,117,500
	Other Special Revenue Funds		$452,656	$5,558,503	$10,378,843	$11,547,031
Fiscal Detail and Notes
	Presented below is a detailed estimate of revenues and subsequent distribution that may be generated assuming the approval of the host municipal governance body and the successful licensure of one additional commercial racing track and one additional licensed slot machine operator with a total of 1,500 slot machines by the end of fiscal year 2008-09 beginning with 750 slot machines first on-line in June 2006.  This estimate factors in the net effect on the facility currently pending full licensure.
	Summary of Slot Machine Revenue		2005-06	2006-07	2007-08	2008-09
	Total Slot Machine Revenue		$16,166,250	$197,874,000	$370,029,000	$411,750,000
	89% Payback		$14,387,962	$176,107,860	$329,325,810	$366,457,500
	General Fund Administration @ 1%		$161,663	$1,978,740	$3,700,290	$4,117,500
	Gross Slot Income @ 10%		$1,616,625	$19,787,400	$37,002,900	$41,175,000
	59% of Gross Slot Income to Licensee		$953,807	$11,674,566	$21,831,711	$24,293,250
	41% of Gross Slot Income to State & Host Municipality		$662,818	$8,112,834	$15,171,189	$16,881,750
			2005-06	2006-07	2007-08	2008-09
	Required Distribution of Gross Slot Income (41% State & Host Municipality Share)
	General Fund  (3%)		$48,499	$593,622	$1,110,087	$1,235,250
	Fund For Healthy Maine (10%)		$161,663	$1,978,740	$3,700,290	$4,117,500
	Purse Supplements  (10%)		$161,663	$1,978,740	$3,700,290	$4,117,500
	Agricultural Fair Support Fund  (3%)		$48,499	$593,622	$1,110,087	$1,235,250
	FAME (2%)		$32,333	$395,748	$740,058	$823,500
	Sire Stakes Fund  (3%)		$48,499	$593,622	$1,110,087	$1,235,250
	Fund to Encourage Racing at ME's Commercial Tracks (4%)		$64,665	$791,496	$1,480,116	$1,647,000
	Fund to Stabilze Off-Track Betting Facilities  (2%)		$32,333	$395,748	$740,058	$823,500
	Washington County Development Authority (1%)		$16,166	$197,874	$370,029	$411,750
	Washington County career & technical education (1%)		$16,166	$197,874	$370,029	$411,750
	Maine Community College System  (1%)		$16,166	$197,874	$370,029	$411,750
	Host Municipalities  (1%)		$16,166	$197,874	$370,029	$411,750
	Other Revenue Impacts:
	License fees to the General Fund		$549,250	$74,500	$124,500	$58,000
	Reimbursements to the General Fund		$161,116	$0	$0	$0
	Commercial racetrack handle to the General Fund		$0	$8,327	$8,327	$8,327
	Commercial racetrack handle to Other Special Revenue		$0	$18,031	$18,031	$18,031
	Summary of Revenue Impacts
	General Fund:
	- 1% of Total Slot Income		$161,663	$1,978,740	$3,700,290	$4,117,500
	- 3% of Gross Slot Income		$48,499	$593,622	$1,110,087	$1,235,250
	- Reimbursements		$161,116	$0	$0	$0
	- License fees to the General Fund		$549,250	$74,500	$124,500	$58,000
	- Commercial racetrack handle to the General Fund		$0	$8,327	$8,327	$8,327
	General Fund Total		$920,528	$2,655,189	$4,943,204	$5,419,077
	Fund for Healthy Maine:
	- Proceeds From Slot Machines		$161,663	$1,978,740	$3,700,290	$4,117,500
	Fund for Healthy Maine - Total		$161,663	$1,978,740	$3,700,290	$4,117,500
	Other Special Revenue Funds:
	- Agriculture, Food and Rural Resources		$355,659	$4,370,009	$8,157,419	$9,075,281
	- Harness Racing Promotional Board		$0	$1,250	$1,250	$1,250
	- Public Safety (Host Municipalities)		$16,166	$197,874	$370,029	$411,750
	- FAME		$32,333	$395,748	$740,058	$823,500
	- Maine Community College System		$16,166	$197,874	$370,029	$411,750
	- Washington County Development Authority		$16,166	$197,874	$370,029	$411,750
	- Washington County career & technical education		$16,166	$197,874	$370,029	$411,750
	Other Special Revenue Total		$452,656	$5,558,503	$10,378,843	$11,547,031
			2005-06	2006-07	2007-08	2008-09
	Summary of Expenditure Impacts
	General Fund Appropriations:
	- Agriculture, Food & Rural Resources 1		$0	$56,042	$57,686	$59,798
	- Public Safety 2		$303,551	$392,782	$505,155	$541,255
	General Fund Total		$303,551	$448,824	$562,841	$601,053
	Other Special Revenue Funds Allocations3:
	- Agriculture, Food and Rural Resources		$355,659	$4,370,009	$8,157,419	$9,075,281
	- Harness Racing Promotional Board		$0	$1,250	$1,250	$1,250
	- Public Safety (Host Municipalities)		$16,166	$197,874	$370,029	$411,750
	- FAME		$32,333	$395,748	$740,058	$823,500
	- Maine Community College System		$16,166	$197,874	$370,029	$411,750
	- Washington County Development Authority		$16,166	$197,874	$370,029	$411,750
	- Washington County career & technical education		$16,166	$197,874	$370,029	$411,750
	Other Special Revenue Total		$452,656	$5,558,503	$10,378,843	$11,547,031
Notes;
1	The Harness Racing Commission within the Department of Agriculture, Food and Rural Resources will require additional General Fund appropriations of $56,042 in fiscal year 2006-07 for the costs of 2 part-time positions and operational costs necessary to regulate the new commercial track.
2	The Gambling Control Board within the Department of Public Safety will require additional General Fund appropriations of $303,551 and $392,782 in fiscal years 2005-06 and 2006-07, respectively, for the costs of one additional Detective position, two additional Public Safety Inspector positions and operational costs necessary to regulate the new slot machine facility.
3	Allocations are included to authorize the distribution of the additional dedicated revenue.