LD 1318 LR 1830(02)
An Act To Promote Individual Private Savings Accounts through a Public-private Partnership
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Insurance and Financial Services
Fiscal Note Required: Yes
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $0 $183,900 $552,185 $405,483
General Fund $0 $183,900 $552,185 $405,483
Fiscal Detail and Notes
The bill includes a General Fund appropriation of $183,900 to the Office of Treasurer of State in fiscal year 2016-17 for one Public Service Coordinator I position, consulting fees and start-up costs to design and implement the Maine Small Business Retirement Marketplace. Treasury has indicated substantial additional costs will be incurred in fiscal years 2017-18 and 2018-19 for web development and administration of the program.