| 122nd MAINE LEGISLATURE | |||||||||
| LD 758 | LR 0680(06) | ||||||||
| An Act To Increase Retired Teachers' Health Insurance Benefits | |||||||||
| Fiscal Note for House Amendment " " to Committee Amendment " " | |||||||||
| Sponsor: Rep. Duprey | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | ($335,303) | ($446,895) | ($559,688) | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | ($335,303) | ($446,895) | ($559,688) | |||||
| Fiscal Detail and Notes | |||||||||
| This amendment reduces the General Fund cost of the bill by $335,303 in fiscal year 2006-07. | |||||||||
| As amended, this bill includes a General Fund appropriation of $3,273,620 in fiscal year 2006-07 to increase the State's contribution of funding health insurance for retired teachers from 45% to 50% beginning October 1, 2006. As amended, this bill continues to increase the State's contribution to funding health insurance for retired teachers by 5% per year until the State's share equals 100% in fiscal year 2016-17. | |||||||||