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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 240 |
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An Act
to Ensure that Maine's Unemployment System is Responsive to the Needs of
Today's Workforce |
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LR 1502(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Norton |
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Committee: Labor |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Undetermined
current biennium cost increase - Other Funds |
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Current biennium
revenue increase - Other Funds |
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Minor cost
increase - General Fund |
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Fiscal Detail
and Notes |
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The
Department of Labor estimates this bill will increase benefit costs beginning
in fiscal year 2003-04 by approximately $4,600,000 per year based on the
unemployment rate assumptions of the Consensus Economic Forecasting
Commission. The cost increase would
move the unemployment contributions schedule from B to C for rate year 2005,
increasing collections by $12,200,000 in 2005 and an additional $1,500,000 in
2006. |
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The State, with a
few exceptions, is a direct reimbursement employer and, as such, would
experience some increase in unemployment compensation costs if these rules
are implemented. However, there are
relatively few part time state employees and the costs, when spread over all
agencies, should be able to be absorbed. |
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