Sec. U-1. 30-A MRSA §5681, sub-§2, ¶¶C to E are enacted to read:
C. "Annual growth ceiling" for fiscal year 2000-01 means the amount certified by the Treasurer of State by September 1, 2000 as the amount transferred to the Local Government Fund in fiscal year 1999-00. For subsequent fiscal years, "annual growth ceiling" must be determined by the State Tax Assessor by September 1st annually and means the annual growth ceiling adjusted by the lower of the increase for the previous fiscal year in the Consumer Price Index or the increase in receipts from the taxes imposed under Title 36, Parts 3 and 8. The annual growth ceiling may not be less than the annual growth ceiling for the previous year.
D. "Consumer Price Index" means the average over a 12-month period ending June 30th annually of the National Consumer Price Index, not seasonally adjusted, published monthly by the United States Department of Labor, Bureau of Labor Statistics designated as the "National Consumer Price Index for All Urban Consumers - United States City Average."
E. "Disproportionate tax burden" means the total real and personal property taxes assessed in the most recently completed municipal fiscal year, except the taxes assessed on captured value within a tax increment financing district, divided by the latest state valuation certified to the Secretary of State and reduced by .01.
Sec. U-2. 30-A MRSA §5681, sub-§3, as amended by PL 1989, c. 104, Pt. C, §§8 and 10, is further amended to read:
3. Revenue-sharing funds. To strengthen the state-municipal fiscal relationship pursuant to the findings and objectives of subsection 1, there is established the Local Government Fund. To provide additional support for municipalities experiencing a higher-than-average property tax burden, there is established the Disproportionate Tax Burden Fund.
Sec. U-3. 30-A MRSA §5681, sub-§4, as amended by PL 1989, c. 104, Pt. C, §§8 and 10, is repealed.
Sec. U-4. 30-A MRSA §5681, sub-§§4-A and 4-B are enacted to read:
4-A. Distribution of Local Government Fund. The Treasurer of State shall transfer the balance in the Local Government Fund on the 20th day of each month. Money in the Local Government Fund must be distributed to each municipality in proportion to the product of the population of the municipality multiplied by the property tax burden of the municipality.
4-B. Distribution of Disproportionate Tax Burden Fund. The Treasurer of State shall transfer the balance in the Disproportionate Tax Burden Fund on the 20th day of each month. Money in the Disproportionate Tax Burden Fund must be distributed to each municipality in proportion to the product of the population of the municipality multiplied by the disproportionate tax burden of the municipality.
Sec. U-5. 30-A MRSA §5681, sub-§5, as amended by PL 1999, c. 528, §1, is repealed and the following enacted in its place:
5. Transfers to funds. On the last day of each month, beginning July 31, 2000, the Treasurer of State shall transfer to the Local Government Fund an amount equal to 5.1% of the receipts from the taxes imposed under Title 36, Parts 3 and 8 and credited to the General Fund without any reduction. Any amounts transferred to the Local Government Fund in excess of the annual growth ceiling must be transferred to the Disproportionate Tax Burden Fund.
Sec. U-6. Appropriation. The following funds are appropriated from the General Fund to carry out the purposes of this Part.
2000-01
TREASURER OF STATE, OFFICE OF
Disproportionate Tax Burden Fund
All Other $3,600,000
Provides one-time funds for a new state-municipal revenue-sharing fund. The amount appropriated must be distributed by the Treasurer of State in June 2001 using the formula specified in the Maine Revised Statutes, Title 30-A, section 5681, subsection 4-B.
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