123rd MAINE LEGISLATURE
LD 1455 LR 2333(01)
An Act Concerning the Duties of Employers in the Case of Mass Employee Termination
Fiscal Note for Original Bill
Sponsor: Rep. Patrick of Rumford
Committee: Labor
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $44,834 $58,068 $60,787 $63,641
Appropriations/Allocations
General Fund $44,834 $58,068 $60,787 $63,641
Other Special Revenue Funds $250,000 $250,000 $250,000 $250,000
Revenue
Other Special Revenue Funds $250,000 $250,000 $250,000 $250,000
Fiscal Detail and Notes
The Bureau of Labor Standards within the Department of Labor will require ongoing General Fund appropriations of $44,834 in fiscal year 2007-08 and $58,068 in fiscal year 2008-09 for one Labor and Safety Inspector position and related all other to provide additional support for the expected increase in the number of investigations associated with the mass termination notification and assistance requirements.
The Bureau of Labor Standards will also require ongoing Other Special Revenue Funds allocations of $250,000 per year beginning in fiscal year 2007-08 to make payments from the Plant Closing Assistance Fund to provide emergency tax relief to affected municipalities or other political subdivisions that face a substantial loss of tax recipts from a mass separation or to provide technical assistance to organizations for planning, starting organizations and arranging long-term financing for the purchase and continued operation of an affected establishment.  The Plant Closing Assistance Fund is funded by payments from employers who conduct mass separations based on an amount equal to 15% of the total wages for the previous 12 months of all eligible employees.  The Department of Labor estimates that dedicated revenue to be approximately $250,000 per year beginning in fiscal year 2007-08.