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126th MAINE LEGISLATURE |
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LD 510 |
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LR 448(02) |
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An Act To Ensure
Equity in Funding to State Postsecondary Institutions of Higher Learning |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Veterans and Legal Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2013-14 |
FY 2014-15 |
Projections FY 2015-16 |
Projections FY 2016-17 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail and
Notes |
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Calculation of
impact to the University of Maine System and Maine Maritime Academy is
provided below. Estimates assume slot
machine revenue income based on December 2012 Revenue Forecast and stable
enrollment levels at both the University of Maine and Maine Maritime Academy. |
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Calculation of Distribution of University of
Maine Share of Net Slot Machine Income |
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Fall 2012 Enrollment |
Students |
% of Total |
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UMS |
26,764 |
96.53% |
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MMA |
963 |
3.47% |
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Total |
27,727 |
100.00% |
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Source of Revenue |
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FY 2013-14 |
FY 2014-15 |
FY 2015-16 |
FY 2016-17 |
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Hollywood Casino |
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$ 989,317 |
$ 1,000,222 |
$ 1,010,224 |
$ 1,020,326 |
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Oxford Casino |
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$ 2,013,918 |
$ 2,034,057 |
$ 2,054,398 |
$ 2,074,942 |
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Current law - UMS |
100% |
$ 3,003,235 |
$ 3,034,279 |
$ 3,064,622 |
$ 3,095,268 |
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After Impact of LD 510 |
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UMS |
96.53% |
$ 2,898,928 |
$ 2,928,894 |
$ 2,958,183 |
$ 2,987,765 |
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MMA |
3.47% |
$ 104,307 |
$ 105,385 |
$ 106,439 |
$ 107,503 |
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$ 3,003,235 |
$ 3,034,279 |
$ 3,064,622 |
$ 3,095,268 |
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Incremental Impact of LD 510 |
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UMS |
-3.47% |
$ (104,307) |
$ (105,385) |
$ (106,439) |
$ (107,503) |
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MMA |
3.47% |
$ 104,307 |
$ 105,385 |
$ 106,439 |
$ 107,503 |
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$0 |
$0 |
$0 |
$0 |
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