132nd MAINE LEGISLATURE
		LD 406		LR 702(02)
	An Act to Repeal the Laws Providing for Paid Family and Medical Leave and to Reimburse Taxpayers
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Labor
	Fiscal Note Required: Yes
Fiscal Note
Current biennium revenue increase - General Fund
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Appropriations/Allocations
	Paid Family and Medical Leave Insurance Fund		($13,701,288)	($13,545,861)	($13,680,286)	($13,819,954)
Fiscal Detail and Notes
	This bill includes 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 within the Department of Labor 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.