| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 35 | |||||||
| An Act to Increase the Assessment on Workers' Compensation Insurance To Fund the Workers' Compensation Board Administrative Fund | |||||||
| LR 0283(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Sen. Edmonds | |||||||
| Committee: Labor | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Undetermined current biennium cost increase - All Funds | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Appropriations/Allocations | |||||||
| Other Special Revenue Funds | $1,490,000 | $1,665,000 | $1,665,000 | $1,665,000 | |||
| Revenue | |||||||
| Other Special Revenue Funds | $1,490,000 | $1,665,000 | $1,665,000 | $1,665,000 | |||
| Fiscal Detail and Notes | |||||||
| Increasing the workers' compensation assessment will increase the cost to all State government agencies for the workers' compensation portion of personal services expense. The fiscal impact on the State's self-insured program can not be determined at this time and will depend on the actual amount assessed. Based on the actual assessment in fiscal year 2003, this proposal may increase costs to the State by $171,712 in fiscal year 2003-04 and $180,024 in fiscal year 2004-05. | |||||||