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Unemployment insurance-benefits operation amendments. |
03LSO-0202.C2 |
FISCAL NOTE (SF0014)
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FY 2005 |
FY 2006 |
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NON-ADMINISTRATIVE IMPACT |
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Anticipated Revenue Increase: |
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FEDERAL FUNDS |
53,800 |
53,800 |
53,800 |
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Anticipated Revenue (Decrease): |
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FEDERAL FUNDS |
(7,056) |
(7,056) |
(7,056) |
Source of Revenue Increase: Federal Unemployment Trust Fund
Assumptions: 27-3-409:Overpayments at least three years’ old on 9-30-02 were $538,000. Assume that 10% can be recovered each year.
Source of Revenue Decrease: Federal Unemployment Trust Fund
Assumptions: 27-3-503: Taxable Wage Base of $14,700 per employee, six new employers having four employees each, 2% delinquent tax penalty being eliminated results in $7,056 decrease in revenue each year.
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FY 2004 |
FY 2005 |
FY 2006 |
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NON-ADMINISTRATIVE IMPACT |
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Anticipated Expenditure Increase: |
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FEDERAL FUNDS |
1,227,026 |
1,503,267 |
1,608,882 |
Source of Expenditure Increase: Federal Unemployment Trust Fund
Assumptions: 27-3-303:7,190 claimants, average duration 12 weeks, maximum weekly benefit amount of $309, $321 and $334 in FY04, FY05 and FY06 respectively, an additional $9, $12, and $13 per week, or $776,520,$1,035,360 and $1,121,640 in additional benefits paid. 27-3-307: 100 new claimants, 8 weeks, average weekly benefit amount of $233, $242, and $252 in FY04, FY05, and FY06 or $186,400, $193,600, and $201,600 in additional benefits. 27-3-311: 10 claimants a year will receive additional benefits for 4 more weeks, average weekly benefit amount of $233, $242, and $252 in each fiscal year or $9,320, $9,680 and $10,080 in FY04-FY06. 27-3-313(a):100 claimants, average duration of 12 weeks, average weekly benefit amount of $233, $242, and $252 in FY04-FY06, currently reduced by 50% or $139,800, $145,392 and $151,208 in additional benefits. 27-3-313(c): 329 claimants, additional weeks to be paid 1.5, average weekly benefit amount of $233, $242, and $252 in FY04-FY05 or $114,986, $119,427 and $124,362.
This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations. The following state agencies may be affected administratively:
Department of Employment
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Prepared by: |
Beth Nelson, Dept of Employment |
Phone: |
777-6402 |