126th MAINE LEGISLATURE
		LD 713		LR 808(01)
	An Act To Return Local Revenue Sharing to Full Funding
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Katz of Kennebec
	Committee: Appropriations and Financial Affairs
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		($41,495,312)	($28,634,380)	$0	$0
Revenue
	General Fund		$41,495,312	$28,634,380	$0	$0
	Other Special Revenue Funds		($41,495,312)	($28,634,380)	$0	$0
Fiscal Detail and Notes
	Compared to current statute, this bill reduces the Municipal Revenue Sharing percentage from 5% of certain revenues to 3.5% in FY 2013-14 and from 5% to 4% in FY 2014-15.  General Fund revenue will increase by $41,495,312 in FY 2013-14 and by $28,634,380 in FY 2014-15 and Municipal Revenue Sharing will decrease by these same amounts in the corresponding fiscal years.  The Governor's proposed biennial budget would make significant changes to the Municipal Revenue Sharing Program.  The final impact of this bill may need to be revised depending on the outcome of the biennial budget.