AUGUSTA (AP) – A special legislative committee looking at property tax reform planned to reconvene Monday to hammer out the final details of its plan and vote on the proposal.

The 15-member Select Committee on Property Tax Reform met late into Friday and Saturday nights to iron out details after reaching a broad consensus on spending caps, expanded refunds and other measures to help ease Maine’s property tax burden.

“This plan is something both parties should be proud of,” said House Majority Leader Glenn Cummings.

“The issues are complex and there are no easy answers, but these lawmakers have come up with a truly bipartisan proposal, and their work will bring real property tax relief for Maine citizens,” the Portland Democrat said.

The final proposal will be drafted and voted on by the committee, and presented to the full Legislature for a vote by Jan. 20.

The final bill is expected to mirror Gov. John Baldacci’s original proposal, with changes that include a beefed-up circuit breaker program.

On Monday, the committee planned to take up the final details on implementing a new Essential Programs and Services model for public school funding.

The committee is expected to finalize the proposal during Monday’s meeting, House Democratic leadership said Sunday.

Republicans want a faster phase-in of increased funding for local schools to 55 percent than the four-year plan as Democratic governor proposes.

The committee reached a broad consensus on spending caps, which has been a major sticking point, expanded refunds under the state’s circuit-breaker program and other measures.

The tax reform committee missed its self-imposed Friday deadline for agreeing on a final proposal after consecutive late-night sessions. It reconvened late Saturday afternoon to continue sorting out details.

The panel agreed Saturday on a beefed-up circuit-breaker program, in which maximum benefits would increase from $1,000 to $2,000. Families earning up to $100,000 would be eligible for the program, and the benefit would phase out for higher-income families. Individuals earning up to $75,000 would be eligible, also with a phase-out.

Maine’s Homestead tax relief program would change. All Maine homeowners would be eligible for a $13,000 exemption, up from the current $7,000 maximum.

The state and municipalities would evenly split the cost of the reimbursement.

While agreeing in general on spending caps, members Saturday night were still discussing mechanisms for the state, counties and municipalities to override those limits by majority vote.