Bill > LD26

This bill modifies the Maine Ground and Surface Waters Clean-up and Response Fund by adding an annual inflation adjustment to the maximum funding cap for personal services at the Department of Environmental Protection. Specifically, the bill amends an existing law to allow the $7,000,000 per fiscal year limit on personal services expenditures to be automatically adjusted each year based on the Consumer Price Index (CPI) as published by the U.S. Department of Labor's Bureau of Labor Statistics. The CPI is a standard measure of inflation that tracks the average change in prices paid by urban consumers for goods and services. By linking the funding cap to the CPI, the bill ensures that the maximum allowable spending for department personnel keeps pace with rising costs over time, preventing the real-world value of the funding from being eroded by inflation.

Agriculture and Natural Resources

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=26&snum=132