121st Maine Legislature
Office of Fiscal and Program Review
LD 35
An Act to Increase the Assessment on Workers' Compensation Insurance To Fund the Workers' Compensation Board Administrative Fund
LR 0283(01)
Fiscal Note for Original Bill
Sponsor: Sen. Edmonds
Committee: Labor
Fiscal Note Required: Yes
   
             
Fiscal Note
Undetermined current biennium cost increase - All Funds
Projections Projections
2003-04 2004-05 2005-06 2006-07
Appropriations/Allocations
Other Special Revenue Funds $1,490,000 $1,665,000 $1,665,000 $1,665,000
Revenue
Other Special Revenue Funds $1,490,000 $1,665,000 $1,665,000 $1,665,000
Fiscal Detail and Notes
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.