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126th MAINE LEGISLATURE |
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LD 1154 |
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LR 919(02) |
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An Act To
Establish the Maine Length of Service Award Program |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor, Commerce, Research and
Economic Development |
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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 |
Net Cost
(Savings) |
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General Fund |
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$0 |
$190,000 |
$198,170 |
$0 |
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Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$190,000 |
$198,170 |
$0 |
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Revenue |
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General Fund |
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$0 |
($190,000) |
($198,170) |
$0 |
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Other Special Revenue Funds |
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$0 |
$180,000 |
$187,740 |
$0 |
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Fiscal Detail
and Notes |
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Dedicating 50% of
the 5% sales tax revenue collected from consumer fireworks sales to the Maine
Length of Service Award Program Trust Fund requires a General Fund transfer
of $190,000 in FY 2014-15 and $198,170 in FY 2015-16 and a transfer from
Municipal Revenue Sharing of $10,000 in FY 2014-15 and $10,430 in FY
2015-16. This bill includes an Other
Special Revenue Funds allocation of $190,000 in fiscal year 2014-15. Committee Amendment "A" to LD
1509, the 2014-2015 budget, includes a provision that temporarily increases
the sales tax to 5.5%. This estimate
of fiscal impact may need to be revisited after final legislative action on
the budget. |
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