122nd MAINE LEGISLATURE
		LD 1021		LR 0263(08)
	An Act To Implement Task Force Recommendations Relating to Parity and Portability of Benefits for Law Enforcement Officers and Firefighters
	Fiscal Note for Senate Amendment "   " to Committee Amendment "   "
	Sponsor: Sen. Snowe-Mello
	Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	General Fund		$0	$0	($410,292)	($429,986)
Appropriations/Allocations
	General Fund		$0	$0	($410,292)	($429,986)
Revenue
	Other Funds		$0	$195,750	$410,292	$429,986
Fiscal Detail and Notes
	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 increase in the assessment from 1.5% to 2%, and with a one-time transfer of $1,359,245 from the Maine Budget Stabilization Fund.  The increase in the assessment to 2% also decreases the estimated General Fund cost of the subsidy in 2007-08 and 2008-09.
	Funding Summary - as Amended
				Projections	Projections	Projections
				2007-08	2007-08	2008-09
	Total Estimated Subsidy			$2,061,245	$4,534,739	$4,988,212
	Estimated Administrative Costs			$81,000	$109,392	$111,894
	Total Estimated Costs			$2,142,245	$4,644,131	$5,100,106
	Estimated Collections from 1.5% Assessment			($587,250)	($1,230,876)	($1,289,958)
	Additional Collections from 2.0% Assessment			($195,750)	($410,292)	($429,986)
	Transfer from Budget Stabilization Fund			($1,359,245)	$0	$0
	General Fund Subsidy Net of Assessments			$0	$3,002,963	$3,380,162