126th MAINE LEGISLATURE
LD 1858 LR 2710(07)
An Act To Achieve the Savings Required under Part F of the Biennial Budget and To Change Certain Provisions of the Law for Fiscal Years Ending June 30, 2014 and June 30, 2015
Fiscal Note for House Amendment " " to Original Bill
Sponsor: Rep. Lockman of Amherst
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 $0 $8,737,150 $13,886,150
Appropriations/Allocations
General Fund $0 ($3,692,650) ($3,692,650) ($3,692,650)
Revenue
General Fund $0 ($3,692,650) ($12,429,800) ($17,578,800)
Other Special Revenue Funds $0 ($194,350) ($654,200) ($925,200)
Fiscal Detail and Notes
This amendment has no net General Fund impact in fiscal year 2014-15.  The budgeted revenue loss from the changes to the maximum Maine individual income tax pension deduction amounts is offset by a General Fund deappropriation from the Department of Administrative and Financial Services, Office of Information Technology in fiscal year 2014-15.