| 122nd MAINE LEGISLATURE | |||||||||
| LD 1616 | LR 2279(02) | ||||||||
| An Act To Delay the Implementation of the Increase in the Homestead Exemption | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $669,208 | $2,467,400 | $0 | $0 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | ($53,872) | $0 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | ($723,080) | ($2,467,400) | $0 | $0 | |||||
| Other Special Revenue Funds | ($38,859) | ($132,600) | $0 | $0 | |||||
| Fiscal Detail and Notes | |||||||||
| Delaying the implementation of the increase in the Homestead Property Tax Exemption will reduce General Fund appropriations by $53,872 in fiscal year 2005-06 and decrease General Fund revenue by $723,080 in fiscal year 2005-06 and $2,467,400 in fiscal year 2006-07. | |||||||||