123rd MAINE LEGISLATURE
LD 1310 LR 789(01)
An Act To Make Unemployment Compensation Law More Fair to Seniors
Fiscal Note for Original Bill
Sponsor: President Edmonds of Cumberland
Committee: Labor
Fiscal Note Required: Yes
             
Fiscal Note
Undetermined current biennium cost increase - All Funds
Future biennium revenue increase - Other Funds
Fiscal Detail and Notes
The Department of Labor estimates this bill will increase benefits paid from the Unemployment Compensation Trust Fund beginning in fiscal year 2007-08.  The amount can not be determined at this time.  However, estimates developed by the Department of Labor using 2006 data indicate the increase in benefit costs to be approximately $4,000,000.  The cost increase in this bill is not expected to impact the unemployment contributions schedule until after the 2011 rate year.  The State and all other direct reimbursement employers will be required to repay the Unemployment Compensation Trust Fund for the additional benefit payments.