| 122nd MAINE LEGISLATURE | |||||||||
| LD 1384 | LR 1087(01) | ||||||||
| An Act To Assist Businesses To Retain Seasonal Employees and Reduce the Burden on the Bureau of Unemployment Compensation | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Bishop of Boothbay | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Undetermined future 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 2005-06. The amount can not be determined at this time. Estimates developed by the Department of Labor indicate that the additional costs for each additional waiver would have been approximately $1,828 per claimant. The cost increase in this bill would not impact the unemployment contributions schedule based on projections developed using the Consensus Economic Forecasting Commission Forecast of October 2004. The State and all other direct reimbursement employers will be required to repay the Unemployment Compensation Trust Fund for the additional benefit payments. | |||||||||