| 123rd MAINE LEGISLATURE | ||||||
| LD 2026 | LR 3140(01) | |||||
| Resolve, To Reimburse School Administrative District No. 11 for the State Share of Retirement Contributions Paid in Error | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Treat of Hallowell | ||||||
| Committee: Education and Cultural Affairs | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $90,788 | $0 | $0 | $0 | ||
| Appropriations/Allocations | ||||||
| General Fund | $90,788 | $0 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| Based on information provided by the Maine Public Employees Retirement System and the Department of Education, the amount paid to the Retirement System by School Administrative Unit No. 11 was $107,597. Of that amount, the Retirement System has reimbursed $16,809 to SAD 11, leaving a balance of $90,788 to be paid by the State. | ||||||