122nd MAINE LEGISLATURE
		LD 309		LR 0581(01)
	An Act To Remove the Sunset on Part-time Unemployment Insurance Benefits
	Fiscal Note for Original Bill
	Sponsor: Rep. Smith of Van Buren
	Committee: Labor
	Fiscal Note Required: Yes
Fiscal Note
Undetermined future biennium cost increase - All Funds
Future biennium revenue increase - Other Funds
Fiscal Detail and Notes
	The Department of Labor estimates this bill will increase benefits paid from the Unemployment Compensation Trust Fund beginning in fiscal year 2005-06.  The amount can not be determined at this time.  However, estimates developed by the Department of Labor using actual data through October 2004 indicate the increase in benefit costs to be approximately $2,016,000 in fiscal year 2005-06 and $3,326,000 in fiscal year 2006-07.  The cost increase in this bill would not impact the unemployment contributions schedule until 2010 based on projections developed using the Consensus Economic Forecasting Commission Forecast of October 2004.  The State and all other direct reimbursement employers will be required to repay the Unemployment Compensation Trust Fund for the additional benefit payments.