| 122nd MAINE LEGISLATURE | |||||||||
| LD 1625 | LR 2265(05) | ||||||||
| An Act To Fully Fund the Homestead Exemption | |||||||||
| Fiscal Note for House Amendment " " to Committee Amendment " A " | |||||||||
| Sponsor: Rep. Flood | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $0 | $17,268,993 | $20,898,694 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | ($33,987,714) | ($613,440) | $16,690,247 | $20,278,419 | |||||
| Revenue | |||||||||
| General Fund | ($387,714) | ($613,440) | ($578,747) | ($620,275) | |||||
| Other Special Revenue Funds | ($21,267) | ($33,649) | ($31,746) | ($34,024) | |||||
| Transfers | |||||||||
| General Fund | ($33,600,000) | $0 | $0 | $0 | |||||
| Fiscal Detail and Notes | |||||||||
| This amendment has no net General Fund impact in the 2006-2007 biennium. It decreases General Fund revenue by $387,714 in fiscal year 2005-06 and $613,440 in fiscal year 2006-07. It eliminates the $33,600,000 transfer from the Maine Budget Stabilization Fund and reduces the General Fund appropriations required by $33,987,714 in fiscal year 2005-06 and $613,440 in fiscal year 2006-07. | |||||||||