129th MAINE LEGISLATURE
		LD 193		LR 328(03)
	An Act To Fully Fund and Restore State-Municipal Revenue Sharing
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Net Cost (Savings)
	General Fund		($85,218,902)	($74,524,016)	$0	$0
Revenue
	General Fund		$85,218,902	$74,524,016	$0	$0
	Other Special Revenue Funds		($85,218,902)	($74,524,016)	$0	$0
Fiscal Detail and Notes
	This amendment reduces the revenue sharing percentage to 2.5% in fiscal year 2019-20 and 3% in fiscal year 2020-21, returning to 5% in fiscal year 2021-22.  It would result in an increase in General Fund revenue of $85,218,902 in fiscal year 2019-20 and $74,524,016 in fiscal year 2020-21, with a corresponding decrease in Local Government Fund revenue.