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Fiscal Note

SB0058 - Repeal of Nursing Facilities Assessment

State Impact:
This bill repeals the nursing facility assessment. This will decrease revenue by approximately $4.4 million in "State" funds, which are currently used to draw down federal Medicaid matching funds. With the loss of the $4.4 million, the State will lose an additional $10.3 million federal funds. Unless the $4.4 million is replaced, appropriations for the Medicaid program will decrease by $14.7 million. The bill also appropriates $1.3 million (one-time in FY 2002) from the restricted account, which will leave a one-time balance of approximately $1.6 million to lapse to the General Fund.

Funding Source FY 02
Approp.
FY 03
Approp.
FY 02
Revenue
FY 03
Revenue
General Fund $0 $0 $1,600,000 $0
Federal Funds ($10,319,000) ($10,319,000) ($10,319,000) ($10,319,000)
Restricted Funds ($4,422,400) ($4,422,400) ($4,422,400) ($4,422,400)
Restricted Funds $1,300,000 $0 $0 $0
TOTAL

($13,441,400)


($14,741,400)


($13,141,400)


($14,741,400)

Individual and Business Impact:
Nursing facilities will save approximately $668 annually per bed. This savings may be passed on to the residents, and if so, would lower their costs for nursing facility care.

Office of the Legislative Fiscal Analyst
1/24/2001 3:05:49 PM


Last Revised: 30 August, 2000

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