| 122nd MAINE LEGISLATURE | |||||||||
| LD 235 | LR 0714(16) | ||||||||
| An Act To Increase the Minimum Wage | |||||||||
| Fiscal Note for House Amendment " " | |||||||||
| Sponsor: Rep. Lindell | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $65,474 | $446,253 | $504,163 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($65,474) | ($446,253) | ($504,163) | |||||
| Other Special Revenue Funds | $0 | ($3,519) | ($24,478) | ($27,655) | |||||
| Fiscal Detail and Notes | |||||||||
| The income tax credit for certain employers is expected to reduce General Fund revenue by $65,474 in fiscal year 2006-07. Additional costs to the Department of Labor associated with rulemaking can be absorbed utilizing existing budgeted resources. | |||||||||