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ME LD133

ME LD133
An Act To Fully Restore State-Municipal Revenue Sharing for Fiscal Year 2018-19


summary

Introduced
01/17/2019
In Committee
01/17/2019
Crossed Over
Passed
Dead
02/04/2020

Introduced Session

129th Legislature

Bill Summary

This bill restores state-municipal revenue sharing to 5% from 2% for the entire fiscal year 2018-19. The law currently requires revenue sharing to revert to 5% beginning July 1, 2019.

AI Summary

This bill restores state-municipal revenue sharing to 5% from 2% for the entire fiscal year 2018-19. The law currently requires revenue sharing to revert to 5% beginning July 1, 2019, but this bill makes the 5% rate effective retroactively from July 1, 2018 in order to avoid further damage to municipalities caused by the decreased funding. The bill is enacted as an emergency measure.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD) (on 02/04/2020)

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