123rd MAINE LEGISLATURE
		LD 263		LR 536(01)
	An Act To Reduce the Property Tax Burden
	Fiscal Note for Original Bill
	Sponsor: Rep. Rand of Portland
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		($13,456,261)	($23,901,785)	($24,480,962)	($25,569,742)
Appropriations/Allocations
	General Fund		$122,874	$69,982	$73,115	$76,404
Revenue
	General Fund		$13,579,135	$23,971,767	$24,554,077	$25,646,146
	Other Special Revenue Funds		$11,386,790	$25,398,233	$27,089,923	$28,285,614
Fiscal Detail and Notes
	These changes to the meals and lodging tax will increase General Fund revenue by an estimated $13,579,135 in fiscal year 2007-08 and $23,971,767 in fiscal year 2008-09.  Maine Revenue Services will also require General Fund appropriations to support the administrative costs, including the cost of one Management Analyst I position.  Those costs are estimated to be $122,874 in fiscal year 2007-08 and $69,982 in fiscal year 2008-09.  The table below summarizes the anticipated increase in Other Special Revenue Funds.
	Other Special Revenue Funds		2007-08	2008-09	Projections 2009-10	Projections 2010-11
	Property Tax Relief Fund		$10,088,562	$22,152,036	$23,171,899	$24,191,831
	Tourism Marketing Promotion Fund		$0	$678,957	$1,232,536	$1,289,331
	Local Government Fund		$1,298,228	$2,567,240	$2,685,488	$2,804,452
			$11,386,790	$25,398,233	$27,089,923	$28,285,614