Maine § 36 §1611 Limitation on municipal cost component

Maine Statutes

§ 36 §1611 — Limitation on municipal cost component

Maine·Title 36 TAXATION·Part 2 PROPERTY TAXES·Ch. 115 UNORGANIZED TERRITORY EDUCATIONAL AND SERVICES TAX

1.Growth limitation. Except as otherwise provided in this section, the municipal cost component may not exceed the growth limitations established in subsection 2.

2.Calculation of growth limitations. The growth limitation factors are calculated as follows.

3.Exceeding or increasing growth limitations. Growth limitations on the municipal cost component may be exceeded or increased as follows.

4.Application. This section applies to municipal cost component fiscal years beginning on or after July 1, 2007.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Growth limitation.
Except as otherwise provided in this section, the municipal cost component may not exceed the growth limitations established in subsection 2.
2.
Calculation of growth limitations.
The growth limitation factors are calculated as follows.
3.
Exceeding or increasing growth limitations.
Growth limitations on the municipal cost component may be exceeded or increased as follows.
4.
Application.
This section applies to municipal cost component fiscal years beginning on or after July 1, 2007.

Maine § 36 §1611 (Limitation on municipal cost component) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.