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126th MAINE LEGISLATURE |
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LD 1280 |
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LR 695(03) |
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An Act
Authorizing the Deorganization of the Town of Bancroft |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-84) |
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Committee: State and Local Government |
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| Fiscal Note |
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Future biennium cost increase - General Fund
Future biennium savings - General Fund |
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| Fiscal Detail
and Notes |
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This bill will
become effective only if approved by the voters of the Town of Bancroft at
the next general election to be held in November. If approved, the deorganization of the Town
of Bancroft would take effect on July 1, 2015. The Division of State Schools - Education
in the Unorganized Territories program in the Department of Education will
incur future General Fund expenditures to provide services to the Unorganized
Territories. The General Fund would be
fully reimbursed for these costs by higher collections made through the
Municipal Cost Component program. The
Department of Education expenditures would be ongoing and would be to provide
schooling to students from the Town of Bancroft. The amount can not be determined at this
time, but is estimated to be approximately $122,980 annually. |
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The
deorganization of the Town of Bancroft will result in savings to the General
Purpose Aid for Local Schools program within the Department of
Education. The amount of savings can
not be determined at this time. The
Town of Bancroft will receive approximately $39,584 in subsidy in fiscal year
2013-14. |
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Any additional
costs incurred by Maine Revenue Services related to the deorganization of the
Town of Bancroft can be absorbed within existing budgeted resources. The minor additional costs associated with
the filing of certain election results can be absorbed by the Secretary of
State utilizing existing budgeted resources. |
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