123rd MAINE LEGISLATURE
		LD 1266		LR 1738(02)
	An Act To Support County Government
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$10,159,618	$12,654,516	$8,458,541	$9,447,100
Appropriations/Allocations
	General Fund		$473,508	$172,081	$179,951	$188,215
	Other Special Revenue Funds		$2,252,546	$2,377,478	$7,635,604	$9,922,959
Revenue
	General Fund		($9,686,110)	($12,482,435)	($8,278,590)	($9,258,885)
Transfers
	Other Special Revenue Funds		$2,252,546	$2,377,478	$2,642,864	$2,969,629
Fiscal Detail and Notes
	Changing the Real Estate Transfer tax will reduce General Fund Revenue by an estimated $9,686,110 in fiscal year 2007-08 and $12,482,435 in fiscal year 2008-09.  This bill also includes ongoing Other Special Revenue Funds allocations of $2,252,546 in fiscal year 2007-08 and $2,377,478 in fiscal year 2008-09 to the Housing Opportunities for Maine Fund (HOME) within the Maine State Housing Authority due to the change in the distribution of real estate transfer tax revenue increasing the amount of funds to be transferred to the HOME Fund each year.  This bill also includes a General Fund appropriation of $473,508 in fiscal year 2007-08 and $172,081 in fiscal year 2008-09 for the administrative costs associated with a county local option sales tax.