Fiscal Note
SB0011 - Unemployment Compensation - Social Security Offset
State Impact:
This bill increases revenues to replace federal funds no longer available.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Trust Funds | $0 | $0 | $0 | $0 | $48,100 | $219,700 |
| Total | $0 | $0 | $0 | $0 | $48,100 | $219,700 |
Individual, Business and/or Local Impact:
Local governments will pay an additional $20,800 in FY 2008 and $83,200 in FY 2009. About one percent of employers will see tax rate increases that will pay for benefits no longer subsidized by federal Reed Act funds.
| 12/20/2006, 1:33:09 PM, Lead Analyst: Eckersley, S. | Office of the Legislative Fiscal Analyst |