| 122nd MAINE LEGISLATURE | |||||||||
| LD 1584 | LR 2292(01) | ||||||||
| Resolve, Directing the State Tax Assessor To Adjust the Valuation for the Town of Wiscasset | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Rines of Wiscasset | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| No net state impact | |||||||||
| Fiscal Detail and Notes | |||||||||
| The 2005 state valuation will be a component in the determination of the amount of General Purpose Aid to Education received by individual school administrative units in fiscal year 2006-07 which will be developed in December 2005. Reducing the state valuation for Wiscasset may increase the amount of GPA paid to Wiscasset and reduce the amount paid to all other municipalities by the same amount in fiscal year 2006-07, depending on how the formula for Essential Programs and Services is impacted in that year. | |||||||||
| The 2005 state valuation will be a component in the determination of the amount of State Municipal Revenue Sharing received by municipalities in fiscal year 2005-06. Reducing the state valuation for Wiscasset will increase the amount paid to Wiscasset and reduce the amount paid to all other municipalities by the same amount. | |||||||||