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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 35 |
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An Act
to Increase the Assessment on Workers' Compensation Insurance To Fund the
Workers' Compensation Board Administrative Fund |
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LR 0283(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Edmonds |
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Committee: Labor |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Undetermined
current biennium cost increase - All Funds |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Appropriations/Allocations |
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Other Special Revenue Funds |
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$1,490,000 |
$1,665,000 |
$1,665,000 |
$1,665,000 |
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Revenue |
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Other Special Revenue Funds |
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$1,490,000 |
$1,665,000 |
$1,665,000 |
$1,665,000 |
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Fiscal Detail
and Notes |
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Increasing
the workers' compensation assessment will increase the cost to all State
government agencies for the workers' compensation portion of personal
services expense. The fiscal impact on the State's self-insured program can
not be determined at this time and will depend on the actual amount
assessed. Based on the actual
assessment in fiscal year 2003, this proposal may increase costs to the State
by $171,712 in fiscal year 2003-04 and $180,024 in fiscal year 2004-05. |
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