125th MAINE LEGISLATURE
		LD 762		LR 316(02)
	An Act To Provide Equitable Revenue-sharing Distribution
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$10,000	$0	$0	$0
Appropriations/Allocations
	General Fund		$10,000	$0	$0	$0
Fiscal Detail and Notes
	The bill does not change the total amount of Municipal Revenue Sharing distributed but does reduce the amount distributed through the Disproportionate Tax Burden Fund (Rev II) to 11% beginning October 1, 2011.  It also limits this reduced Rev II distribution to municipalities designated as service center communities.  Amounts not distributed through Rev II wil be distributed through the Rev I formula.  The Office of the State Treasurer will require a General Fund appropriation in fiscal year 2011-12 to adapt computations and systems to the changeover.