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132nd MAINE LEGISLATURE |
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LD 1993 |
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LR 2690(03) |
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An Act to
Increase the Annual Cap on Funds Assessed for the Safety Education and
Training Fund |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$2,230,000 |
$2,230,000 |
$2,230,000 |
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| Revenue |
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Other Special Revenue Funds |
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$0 |
$2,230,000 |
$2,230,000 |
$2,230,000 |
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| Fiscal Detail
and Notes |
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The bill includes
an Other Special Revenue Funds allocation to the Department of Labor (DOL),
Safety Education and Training Fund of $2.23 million starting in fiscal year
2026-2027 to implement the provisions of this bill. This bill would double
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 2%. The fiscal estimate assumes that the Department
will assess a levy equal to the cap. |
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