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132nd MAINE LEGISLATURE |
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LD 406 |
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LR 702(01) |
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An Act to Repeal
the Laws Providing for Paid Family and Medical Leave and to Reimburse
Taxpayers |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Morris of Turner |
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Committee: Labor |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Current biennium revenue increase - General Fund |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Paid Family and Medical
Leave Insurance Fund |
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($13,701,288) |
($13,545,861) |
($13,680,286) |
($13,819,954) |
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| Fiscal Detail
and Notes |
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The Department of
Labor will require Paid Family and Medical Leave Insurance Fund deallocations
totaling $13,701,288 in fiscal year 2025-26 and $13,545,861 in fiscal year
2026-27 due to the repeal of the program.
Requiring any unspent funds to be transferred to the unappropriated
surplus of the General Fund after refunds of contributions made by employers
and self-employed individuals are completed may increase the amount of
General Fund revenue available. The
amount can not be determined at this time and will depend on the amount of
employer contributions to be refunded and any costs incurred by the
department to close out the program. |
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