132nd MAINE LEGISLATURE
		LD 1993		LR 2690(02)
	An Act to Increase the Annual Cap on Funds Assessed for the Safety Education and Training Fund
	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
Appropriations/Allocations
	Other Special Revenue Funds		$0	$557,500	$557,500	$557,500
Revenue
	Other Special Revenue Funds		$0	$557,500	$557,500	$557,500
Fiscal Detail and Notes
	The bill includes an Other Special Revenue Funds allocation to the The Department of Labor (DOL), Safety Education and Training Fund of $557,500 starting in fiscal year 2026-2027 to implement the provisions of this bill. This bill would increase the cap on the total amount that the DOL may assess to insurance carriers and group and individual group and self-insured employers to fund its safety and education program. Under current law, the cap is set at 1% of total workers' compensation benefits (exclusive of medical payments) paid by licensed insurance carriers and group and individual self-insured employers. This bill would raise the cap to 1.25%. The fiscal estimate assumes that the DOL will assess a levy equal to the cap. The fiscal estimate also assumes that the cost of conducting the efficiency review of the operations and delivery of the safety education and training programs can be absorbed within existing resources.