132nd MAINE LEGISLATURE
		LD 1539		LR 1670(02)
	An Act to Create a State Employee Compensation Stabilization Fund
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: State and Local Government
	Fiscal Note Required: Yes
Fiscal Note
Redistribution of final priority transfers
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Appropriations/Allocations
	Other Special Revenue Funds		$500	$500	$500	$500
Fiscal Detail and Notes
	This bill establishes the State Employee Compensation Stabilization Fund as a dedicated, nonlapsing fund within the Department of Administrative and Financial Services for the purpose of augmenting the salaries of state employees to provide parity between the salaries of state employees and the salaries of comparable positions in the public and private sectors as determined by a market pay study. The bill changes the amount transferred from the unappropriated surplus of the General Fund to the Maine Budget Stabilization Fund from eighty percent to seventy-five percent and requires five percent of the unappropriated surplus of the General Fund be transferred directly to the State Employee Compensation Stabilization Fund.