Bill > LD1636

This bill establishes a Working Group to Study Changing the Start of the State Fiscal Year, which will consist of 12 members including senators, representatives, municipal representatives, and school administrative unit representatives. The group will explore the potential shift of the state fiscal year from July 1st to June 30th to October 1st to September 30th, examining the benefits, drawbacks, fiscal impacts, and implementation challenges for the state, counties, municipalities, and school administrative units. The working group will be appointed within 30 days of the resolve's effective date, with Senate and House leaders selecting members to ensure balanced partisan representation. The group is tasked with investigating the comprehensive implications of this fiscal year change, including necessary legal modifications and accounting system adjustments. The Legislative Council will provide staff support when the Legislature is not in session, and the working group is required to submit a detailed report with findings and recommendations to the appropriations committee by December 3, 2025. The joint standing committee is then authorized to potentially draft and propose legislation based on the working group's recommendations for the Second Regular Session of the 132nd Legislature.

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1636&snum=132