126th MAINE LEGISLATURE
LD 1154 LR 919(02)
An Act To Establish the Maine Length of Service Award Program
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor, Commerce, Research and Economic Development
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 $0 $190,000 $198,170 $0
Appropriations/Allocations
Other Special Revenue Funds $0 $190,000 $198,170 $0
Revenue
General Fund $0 ($190,000) ($198,170) $0
Other Special Revenue Funds $0 $180,000 $187,740 $0
Fiscal Detail and Notes
Dedicating 50% of the 5% sales tax revenue collected from consumer fireworks sales to the Maine Length of Service Award Program Trust Fund requires a General Fund transfer of $190,000 in FY 2014-15 and $198,170 in FY 2015-16 and a transfer from Municipal Revenue Sharing of $10,000 in FY 2014-15 and $10,430 in FY 2015-16.  This bill includes an Other Special Revenue Funds allocation of $190,000 in fiscal year 2014-15.  Committee Amendment "A" to LD 1509, the 2014-2015 budget, includes a provision that temporarily increases the sales tax to 5.5%.  This estimate of fiscal impact may need to be revisited after final legislative action on the budget.