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122nd MAINE LEGISLATURE |
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LD 1021 |
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LR 0263(09) |
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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. Courtney |
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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 |
$998,154
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$1,097,970
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Appropriations/Allocations |
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General Fund |
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$0 |
$998,154 |
$1,097,970 |
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Other Special Revenue Funds |
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$15,000 |
$0 |
$0 |
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Fiscal Detail
and Notes |
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The
amounts above are the incremental differences between the committee amendment
and this amendment. The amendment
changes the State's health insurance subsidy from 45% to 60%, thereby
increasing the 2008-2009 General Fund costs of the subsidy. The amendment
also adds a FY 2006-07 Other Special Revenue Funds allocation of $15,000 for
additional requirements for the Bureau of Insurance in the Department of
Professional and Financial Regulation related to high-risk health insurance
pools. |
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Funding Summary -
as Amended |
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Projections |
Projections |
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2007-08 |
2008-09 |
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Total Estimated Subsidy |
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$5,532,893 |
$6,086,182 |
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Estimated Administrative Costs |
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$109,392 |
$111,894 |
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Total
Estimated Costs |
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$5,642,285
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$6,198,076
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Estimated
Collections from 1.5% Assessment |
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($1,230,876) |
($1,289,958) |
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General Fund
Subsidy Net of Assessments |
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$4,411,409
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$4,908,118 |
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