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122nd MAINE LEGISLATURE |
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LD 1021 |
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LR 0263(07) |
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An Act
To Implement Task Force Recommendations Relating to Parity and Portability of
Benefits for Law Enforcement Officers and Firefighters |
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Fiscal Note for Senate Amendment " " to Committee Amendment " " |
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Sponsor: Sen. Nass |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2005-06 |
2006-07 |
2007-08 |
2008-09 |
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Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
($3,413,255) |
($3,810,148) |
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Fund for a Healthy Maine |
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$0 |
$0 |
$3,413,255 |
$3,810,148 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
($3,413,255) |
($3,810,148) |
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Fund for a Healthy Maine |
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$0 |
$0 |
$3,413,255 |
$3,810,148 |
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Fiscal Detail
and Notes |
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The
amendment changes the effective date of the health insurance subsidy program
from July 1, 2007 to January 1, 2007,
and funds the cost of the subsidy during this six-month period with an
allocation from the Fund for a Healthy Maine (FHM) that is itself funded by
an across-the board deallocation to programs in the FHM. The amendment funds
the 2008-2009 costs of the subsidy from FHM funds, thereby eliminating the
General Fund costs of the subsidy. |
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Funding Summary -
as Amended |
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Projections |
Projections |
Projections |
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2007-08 |
2007-08 |
2008-09 |
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Total Estimated Subsidy |
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$2,061,245
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$4,534,739 |
$4,988,212 |
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Estimated Administrative Costs |
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$81,000 |
$109,392 |
$111,894 |
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Total
Estimated Costs |
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$2,142,245 |
$4,644,131
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$5,100,106
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Estimated
Collections from 1.5% Assessment |
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($587,250) |
($1,230,876) |
($1,289,958) |
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FHM Allocation |
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($1,554,995) |
$0 |
$0 |
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FHM Subsidy Net of
Assessments |
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$0 |
$3,413,255
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$3,810,148
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