An Act To Allow the Town of Fort Kent To Create a Downtown Tax Increment Financing District Using the Current Assessed Value of the Downtown
Maine Legislature, Session 125, LD 1910
Committee Amendment CA_A-SA_A_S550 (Senate)

SENATE AMENDMENT" A " to COMMITTEE AMENDMENT "A" to H.P. 
1414, L.D. 1910, Bill, "An Act To Allow the Town of Fort Kent To Create a Downtown 
Tax Increment Financing District Using the Current Assessed Value of the Downtown" 
Amend the amendment by inserting after the title the following: 
'Amend the bill by striking out the title and substituting the following: 
'An Act To Allow the Town of Fort Kent To Use the Current Assessed Valuation of 
the Downtown To Create a Downtown Tax Increment Financing District and for the 
Calculation of General Purpose Aid for Local Schools' , 
Amend the amendment by inserting after section 1 the following: 
'Sec. 2. State valuation for the Town of Fort Kent. Due to the sudden and 
severe disruption of valuation caused by the fire in the downtown, notwithstanding the 
conditions required under the Maine Revised Statutes, Title 36, section 208-A, subsection 
2, the Town of Fort Kent shall request a reduction in its state valuation pursuant to Title 
36, section 208-A to the equalized assessed valuation of the town on Aprill, 2012.' 
SU~Y 
This amendment requires the Town of Fort Kent to request a reduction in its state 
valuation to be used in the calc a' on of general purpose aid for local schools. 
SPONSORED BY: --~,.......,...,...,..-t--;P'rf---'>.r....L,f.="4!'#/-'FF=--
(Senator SHERMAN) 
COUNTY: Aroostook 
FISCAL NOTE REQUIRED 
(See Attached) 
SENATE AMENDMENT 
Approved: 04/11112 
:;tva-C!. 
LD 1910 
LR 2881(06) 
An Act To Allow the Town of Fort Kent To Create a Downtown Tax Increment Financing District 
Using the Current Assessed Value of the Downtown 
Fiscal Note for Senate Amendment" A" to Committee Amendment "A" S ~ 550 
Sponsor: Sen. Sherman of Aroostook 
Fiscal Note Required: Yes 
Fiscal Note 
State Mandate - Unfunded 
Current biennium cost increase - Budget Stabilization Fund 
State Mandates 
Required Activity 
Requires the Town of Fort Kent to submit a request for a reduction in its state 
valuation pursuant to Title 36, section 208-A. 
Unit Affected 
Local Cost 
Fort Kent 
Insignificant 
limited scope 
The required local activities in this bill may represent a State mandate pursuant to the Constitution of Maine. Unless 
General Fund appropriations are provided to fund at least 90% of the additional costs or a Mandate Preamble is 
amended to the bill and two-thirds of the members of each House vote to exempt this mandate from the funding 
requirement, the municipality may not be required to implement these changes. 
Fiscal Detail and Notes 
This amendment requires the Town of Fort Kent to request a reduction in its state valuation for the purpose of 
calculating the local share of education funding and municipal revenue sharing due to the sudden and severe 
disruption in its valuation caused by a fire in its downtown. The State Tax Assessor will calculate a new state 
valuation and provide it to the Commissioner of Education and the State Treasurer who will determine new amounts 
to be distributed to the Town. 
Any new amounts of education subsidy to be distributed to the Town of Fort Kent will come from a transfer from the 
Budget Stabilization Fund to the General Purpose Aid for Local Schools program within the Department of Education. 
Any new amounts of revenue sharing to be distributed to the Town will come from a reduction in the distribution to 
all other municipalities. 
LR2881(06) - Fiscal Note - Page 1 of 1