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130th MAINE LEGISLATURE |
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LD 1805 |
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LR 2157(02) |
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Resolve,
Regarding Legislative Review of Chapter 26: Producer Margins, a Major
Substantive Rule of the Maine Milk Commission |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Agriculture, Conservation and
Forestry |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$8,751,652 |
$6,977,962 |
$6,979,925 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$8,751,652 |
$6,977,962 |
$6,979,825 |
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| Revenue |
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General Fund |
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$0 |
($8,751,652) |
($6,977,962) |
($6,979,925) |
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Other Special Revenue Funds |
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$0 |
$8,751,652 |
$6,977,962 |
$6,979,825 |
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| Fiscal Detail
and Notes |
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This bill will
adopt a Maine Milk Commission rule that creates a 4-tiered system and updates
target prices for each tier based upon the breakeven cost of production used
to make payouts through the Dairy Stabilization Program. It will decrease General Fund revenue by $8,751,652 in fiscal year 2022-23 and
increase Other Special Revenue Funds revenue to the Bureau of Agriculture,
Food and Rural Resources within the Department of Agriculture, Conservation
and Forestry by the same amounts. The bill
includes a corresponding increase in the Other Special Revenue Funds
allocation to allow increased payouts through the program. |
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