|
|
|
|
|
|
|
|
132nd MAINE LEGISLATURE |
|
|
LD 1333 |
|
LR 2045(02) |
|
|
|
An Act to Make
Changes to the Paid Family and Medical Leave Benefits Program |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Labor |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Note |
|
|
|
|
|
|
|
|
|
|
FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
|
($817,000) |
($4,157,656) |
($4,512,500) |
($4,816,500) |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
General Fund |
|
$0 |
$12,844 |
$0 |
$0 |
|
Paid Family and Medical
Leave Insurance Fund |
|
$20,000 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
General Fund |
|
$817,000 |
$4,170,500 |
$4,512,500 |
$4,816,500 |
|
Other Special Revenue Funds |
|
$43,000 |
$219,500 |
$237,500 |
$253,500 |
|
Paid Family and Medical
Leave Insurance Fund |
|
($25,000,000) |
($30,000,000) |
$0 |
$0 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
This bill
includes a revenue increase to the General Fund of $817,000 in fiscal year
2025-26 and $4,170,500 in fiscal year 2026-27 due to the taxation of family
leave benefits and medical leave benefits effective January 1, 2026. The bill
also includes a revenue increase to the Local Government Fund of $43,000 in
fiscal year 2025-26 and $219,500 in fiscal year 2026-27. |
|
Additionally, the
bill includes a one-time General Fund appropriation to the Bureau of Revenue
Services within the Department of Administrative and Financial Services of
$12,844 in fiscal year 2026-27 to fund computer programming costs associated
with the provisions of this bill. |
|
The Department of
Labor estimates that reimbursing certain employers that remitted premium
contributions to the Paid Family and Medical Leave Insurance Fund on or after
January 1, 2025 and who received approval to substitute a private plan before
January 1, 2026 will reduce revenue in the fund by $25.0 million in fiscal
year 2025-26 and $30.0 million in fiscal year 2026-27. The change in the
weekly benefit amount that an employee may receive is expected to reduce the
amount of benefits paid out of the fund by approximately $47.0 million per
year beginning in fiscal year 2026-27. |
|
This bill
includes a one-time Paid Family and Medical Leave Insurance Fund allocation
of $20,000 in fiscal year 2025-26 to the Department of Labor for the cost
associated with calculating and refunding contributions paid by employers
with a private plan in place on or before January 1, 2026 that is approved by
the Department of Labor. |
|
|
|
|
|
|
|