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MaineLD 1103132nd Maine Legislature (2025-2026)SenateWALLET

An Act Regarding Unallocated Balances in a School Administrative Unit School Budget

Sponsored By: Joseph Rafferty (Democratic)

Became Law

SCHOOL FUNDING FORMULASCHOOL FUNDING FORMULA - FUND ACCOUNTS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Limits on excess school fund balances

School administrative units must carry forward their year-end general operating fund balances. They can use the money next year or spread it over up to 3 years. Any unallocated balance above 5% of the prior year’s school budget reduces the state and local share used to compute state subsidy. For fiscal years 2021–22, 2022–23, 2023–24, and 2024–25 only, the threshold is 9% instead of 5%. These rules are in law as of June 9, 2025.

Sponsors & Cosponsors

Sponsor

  • Joseph Rafferty

    Democratic • Senate

Cosponsors

  • Christina Mitchell

    Democratic • House

  • Holly Sargent

    Democratic • House

  • Janice Dodge

    Democratic • House

  • Kimberly Haggan

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 208

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    6/2/2025Senate

  3. PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.

    5/29/2025House

  4. Reports READ.On motion of Representative MURPHY of Scarborough, the Majority Ought to Pass Report was ACCEPTED.The Bill was READ ONCE.Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.The Bill was PASSED TO BE ENGROSSEDIn concurrence. ORDERED SENT FORTHWITH.

    5/28/2025House

  5. Reports READ. On motion by Senator RAFFERTY of York The Majority Ought to Pass Report ACCEPTED. Bill READ ONCE. Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED. Sent down forthwith for concurrence.

    5/27/2025Senate

  6. CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

    3/21/2025Senate

  7. Received by the Secretary of the Senate on March 14, 2025 and REFERRED to the Committee on EDUCATION AND CULTURAL AFFAIRS pursuant to Joint Rule 308.2

    3/14/2025Senate

Bill Text

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