126th MAINE LEGISLATURE
LD 25 LR 273(02)
An Act To Exclude Certain State-funded Costs from the State Share of the Total Cost of Funding Public Education
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
             
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund $153,600,000 $152,400,000 $152,400,000 $152,400,000
Appropriations/Allocations
General Fund $153,600,000 $152,400,000 $152,400,000 $152,400,000
Fiscal Detail and Notes
This bill includes General Fund appropriations of $153,600,000 in fiscal year 2013-14 and $152,400,000 per year beginning in fiscal year 2014-15 to the General Purpose Aid for Local Schools program within the Department of Education to increase the State's contribution toward funding the total cost of public education from kindergarten to grade 12, including the cost of the components of essential programs and services from 47.3% in fiscal year 2013-14, as proposed in LD 1509, the 2014-2015 biennial budget, as amended, to 55%.
LD 1509, as amended, FY 2013-14 LD 25 FY 2013-14 LD 1509, as amended, FY 2014-15 LD 25 FY 2014-15
Total Cost of Funding Public Education  $ 1,992,465,618  $ 1,992,465,618  $ 1,992,083,006  $ 1,992,083,006
State Contribution   $    942,295,406  $ 1,095,895,406  $    943,236,080  $ 1,095,686,080
State share percentage 47.3% 55.0% 47.3% 55.0%
Additional GF appropriation needed:  $    153,600,000  $    152,450,000