| 122nd MAINE LEGISLATURE | |||||||||
| LD 1021 | LR 0263(09) | ||||||||
| An Act To Implement Task Force Recommendations Relating to Parity and Portability of Benefits for Law Enforcement Officers and Firefighters | |||||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment " " | |||||||||
| Sponsor: Sen. Courtney | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $998,154 | $1,097,970 | ||||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $998,154 | $1,097,970 | ||||||
| Other Special Revenue Funds | $15,000 | $0 | $0 | ||||||
| Fiscal Detail and Notes | |||||||||
| The amounts above are the incremental differences between the committee amendment and this amendment. The amendment changes the State's health insurance subsidy from 45% to 60%, thereby increasing the 2008-2009 General Fund costs of the subsidy. The amendment also adds a FY 2006-07 Other Special Revenue Funds allocation of $15,000 for additional requirements for the Bureau of Insurance in the Department of Professional and Financial Regulation related to high-risk health insurance pools. | |||||||||
| Funding Summary - as Amended | |||||||||
| Projections | Projections | ||||||||
| 2007-08 | 2008-09 | ||||||||
| Total Estimated Subsidy | $5,532,893 | $6,086,182 | |||||||
| Estimated Administrative Costs | $109,392 | $111,894 | |||||||
| Total Estimated Costs | $5,642,285 | $6,198,076 | |||||||
| Estimated Collections from 1.5% Assessment | ($1,230,876) | ($1,289,958) | |||||||
| General Fund Subsidy Net of Assessments | $4,411,409 | $4,908,118 | |||||||