121st Maine Legislature
		Office of Fiscal and Program Review
		LD 32
		An Act to Provide a 5% Increase in the State's Contribution for Insurance for Retired Teachers
		LR 0034(01)
		Fiscal Note for Original Bill
		Sponsor: Rep Canavan
		Committee: Labor
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund			$2,179,083	$2,765,256	$3,509,110
Appropriations/Allocations
	General Fund			$2,179,083	$2,765,256	$3,509,110
Fiscal Detail and Notes
	Projections for fiscal year 2005-06 and fiscal year 2006-07 assume an average increase in costs of 17.5% per year and enrollment growth of 8% per year based on projections by the Division of Employee Health and Benefits.