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Fiscal Note.pdf

FN188202.pdf
Preview of Fiscal Note
🔗 Source: legislature.maine.gov
📊 Size: 108 KB
👤 Author: mcyr
⬇️ Downloads: 191

Summary

The bill increases the pension deduction amount to $35,000 for 2023 and to the maximum Social Security annual benefit for 2024 and later, reducing General Fund revenue by $14,107,500 in FY 2023-24, $28,072,500 in FY 2024-25, $34,057,500 in FY 2025-26, and $48,402,500 in FY 2026-27, and Local Government Fund revenue by $742,500 in FY 2023-24, $1,477,500 in FY 2024-25, $1,792,500 in FY 2025-26, and $2,547,500 in FY 2026-27.

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Description

The bill increases the pension deduction amount to $35,000 for 2023 and to the maximum Social Security annual benefit for 2024 and later, reducing General Fund...

Technical Information

  • File Format: PDF
  • File Size: 108 KB
  • Pages: 1
  • Language: EN
  • Author: mcyr
  • Total Downloads: 191
  • Last Updated: 7 days ago

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