| 122nd MAINE LEGISLATURE | |||||||||
| LD 309 | LR 0581(10) | ||||||||
| An Act To Remove the Sunset on Part-time Unemployment Insurance Benefits | |||||||||
| Fiscal Note for House Amendment " " | |||||||||
| Sponsor: Rep. Duprey | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Undetermined future biennium cost decrease - All Funds | |||||||||
| Undetermined future biennium revenue decrease - Other Funds | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Appropriations/Allocations | |||||||||
| Employment Security Trust Fund | $0 | $0 | ($2,771,000) | ($3,526,000) | |||||
| Fiscal Detail and Notes | |||||||||
| This amendment decreases the future cost to the Unemployment Compensation Benefit Account within the Department of Labor by $2,771,000 in fiscal year 2007-08 and $3,526,000 in fiscal year 2008-09. | |||||||||
| The bill, as amended, will increase benefits paid from the Unemployment Compensation Trust Fund by $2,016,000 in fiscal year 2005-06 and $3,326,000 in fiscal year 2006-07 for the additional costs of continuing to provide unemployment benefits to persons who are not available for full-time work under certain circumstances until September 30, 2007. | |||||||||
| The bill, as amended, will not impact the unemployment contributions schedule based on projections developed using the Consensus Economic Forecasting Commission Forecast of October 2004. The State and all other direct reimbursement employers will be required to repay the Unemployment Compensation Trust Fund for additional benefit payments in the current biennium. | |||||||||