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123rd MAINE LEGISLATURE |
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LD 2247 |
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LR 3143(07) |
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An Act To Continue
Maine's Leadership in Covering the Uninsured |
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Fiscal Note for
Senate Amendment " " to
Committee Amendment "A" |
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Sponsor: Sen. Snowe-Mello of Androscoggin |
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Fiscal Note Required: Yes |
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Fiscal Note |
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2007-08 |
2008-09 |
Projections 2009-10 |
Projections 2010-11 |
Net Cost
(Savings) |
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General Fund |
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$0 |
$860,397 |
$889,514 |
$885,311 |
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Appropriations/Allocations |
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General Fund |
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$0 |
($43,857) |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$15,000 |
$0 |
$0 |
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Dirigo Health Fund |
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$0 |
($61,502,356) |
($65,954,381) |
($67,092,790) |
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Revenue |
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General Fund |
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$0 |
($904,254) |
($889,514) |
($885,311) |
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Other Special Revenue Funds |
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$0 |
($48,595) |
($48,792) |
($48,561) |
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Dirigo Health Fund |
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$0 |
($61,502,356) |
($65,954,381) |
($67,092,790) |
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Fiscal Detail
and Notes |
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The fiscal note
reflects the incremental difference between the amendment and Committee
Amendment "A". |
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This amendment
eliminates the proposed increases in the cigarette tax and other tobacco
products tax, which reduces General Fund revenue by $904,254 in fiscal year
2008-09 and reduces revenue for the Dirigo Health Fund by $28,502,356 in
fiscal year 2008-09. It also
eliminates the General Fund appropriation of $43,857 in fiscal year 2008-09
for Maine Revenue Services. |
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The
amendment would retain the elimination the Saving Offset Payment (SOP), one
of the funding sources for the Dirigo Health Program, beginning with the
assessment effective July 1, 2008, but would not offset the lost revenue. For the purposes of this fiscal note, the
baseline assumption for future year SOPs is the $32.8 million SOP assessed
for the year beginning July 1, 2008. |
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The
amendment creates the Comprehensive Health Insurance Risk Pool Association
financed with an assessment on member insurers. Because this assessment would be assessed
and collected by the Association, a non-profit legal entity, there is no
direct fiscal impact on State programs or accounts. |
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Provides an
allocation of $15,000 to the Bureau of Insurance on a one-time basis for the
costs of contracting with another entity to prepare a grant application. |
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Dirigo Health
Fund Summary |
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2008-09 |
Projections 2009-10 |
Projections 2010-11 |
Revenue Changes: |
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Elimination of the Savings Offset Payment |
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($32,900,000) |
($32,800,000) |
($32,800,000) |
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Revenue Changes |
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($32,900,000) |
($32,800,000) |
($32,800,000) |
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Allocation Changes: |
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Other Dirigo Net Allocation Change |
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($32,900,000) |
($32,800,000) |
($32,800,000) |
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Allocation
Changes |
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($32,900,000) |
($32,800,000) |
($32,800,000) |
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