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125th MAINE LEGISLATURE |
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LD 643 |
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LR 1555(06) |
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An Act To Protect
Public Safety in the Operation of Casinos |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-547)
S "A" (S-368) to C "A" (H-547) |
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Committee: Veterans and Legal Affairs |
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Fiscal Note |
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Future biennium revenue decrease - General Fund
Future biennium revenue increase - Other Special Revenue Funds |
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Fiscal Detail
and Notes |
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This legislation
provides that casino and racino application and license fees are deposited
into a dedicated account within the Department of Public Safety, Gambling
Control Board. Currently, these fees
are deposited into the General Fund.
The original estimate of the reduction in General Fund revenues during
the First Regular Session was $703,400 beginning in fiscal year 2013-14 with
a corresponding increase in Other Special Revenue Funds revenue. |
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The revenue
forecast was revised in the intervening period and the resulting reduction in
General Fund revenue and increase in Other Special Revenue Funds revenue is
projected to be $555,800 beginning in fiscal year 2013-14. This amount was reflected as an adjustment
in the Revenue Forecasting Committee's March 2012 revenue forecast. Therefore, no revenue adjustments are
reflected in this fiscal note to avoid double counting the revenue effect. |
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Additional costs
to the Department of Public Safety associated with rulemaking and reporting
on those rules can be absorbed with existing staff and within existing
budgeted resources. |
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