122nd MAINE LEGISLATURE
LD 1021 LR 0263(09)
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. Courtney
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $0 $998,154 $1,097,970
Appropriations/Allocations
General Fund  $0 $998,154 $1,097,970
Other Special Revenue Funds $15,000 $0 $0
Fiscal Detail and Notes
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.  
Funding Summary - as Amended
Projections Projections
2007-08 2008-09
Total Estimated Subsidy $5,532,893 $6,086,182
Estimated Administrative Costs $109,392 $111,894
  Total Estimated Costs $5,642,285 $6,198,076
Estimated Collections from 1.5% Assessment ($1,230,876) ($1,289,958)
General Fund Subsidy Net of Assessments $4,411,409 $4,908,118