128th MAINE LEGISLATURE
		LD 1829		LR 2730(02)
	An Act To Amend the Laws Governing Education
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Education and Cultural Affairs
	Fiscal Note Required: Yes
Fiscal Note
No state fiscal impact
Fiscal Detail and Notes
	Requiring the property fiscal capacity component of the school funding formula to be based on a 3-year average of the property values of a municipality included in a school administrative unit (SAU) or on the certified state valuation for the most recent prior year, whichever is lower, beginning in fiscal year 2019-20 will not change the total state and local cost of K-12 public education or the state's share of that cost.  It may, however, result in a higher mill rate expectation which may affect the required local contribution for local school administrative units.  The impact to individual SAU's can not be determined at this time.