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ME LD328

ME LD328
An Act To Fully Fund and Restore State-Municipal Revenue Sharing


summary

Introduced
02/04/2021
In Committee
02/04/2021
Crossed Over
04/28/2021
Passed
04/28/2021
Dead
05/09/2022

Introduced Session

130th Legislature

Bill Summary

This bill increases state-municipal revenue sharing to 5% from 3.75% in the final 6 months of fiscal year 2020-21. Current law restores state-municipal revenue sharing to 5% beginning in fiscal year 2021-22.

AI Summary

This bill increases state-municipal revenue sharing to 5% from 3.75% in the final 6 months of fiscal year 2020-21. The bill is retroactive to January 1, 2021 and is considered an emergency measure, meaning it takes effect immediately upon approval. The purpose is to restore state-municipal revenue sharing to 5% as soon as possible, as the decrease in funds shared with municipalities has had a drastic effect on their ability to provide services to residents. Current law already restores state-municipal revenue sharing to 5% beginning in fiscal year 2021-22.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

In possession of the Senate when the Legislature adjourned Sine Die and was placed in the Legislative Files. (DEAD) (on 05/09/2022)

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