127th MAINE LEGISLATURE
		LD 505		LR 1296(02)
	An Act To Increase the Funding Level of the Local Road Assistance Program
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Transportation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2015-16	FY 2016-17	Projections  FY 2017-18	Projections  FY 2018-19
Net Cost (Savings)
	Highway Fund		$560,653	$1,163,073	$1,744,610	$2,326,147
Appropriations/Allocations
	Highway Fund		$560,653	$1,163,073	$1,744,610	$2,326,147
Fiscal Detail and Notes
	The bill increases funding to the Local Road Assistance program from 9% to 10% of the Highway Fund allocations to the Department of Transportation over a four-year period.  The department will require Highway Fund allocations of $560,653 in fiscal year 2015-16 and $1,163,073 in fiscal year 2016-17.  The bill does not increase revenue to the Highway Fund so Highway Fund deallocations would need to be made in the same amount in order for the Fund to balance.