* BDR 53-226 SB 52 EXECUTIVE AGENCY FISCAL NOTE AGENCY'S ESTIMATES Date Prepared: April 10, 2017 Agency Submitting: Department of Employment, Training and Rehabilitation Items of Revenue or Expense, or Both Fiscal Year 2016-17 UI Benefit (Expense) Total Explanation 0 Fiscal Year 2017-18 Fiscal Year 2018-19 Effect on Future Biennia ($4,500,000) ($4,590,000) ($9,180,000) ($4,500,000) ($4,590,000) ($9,180,000) (Use Additional Sheets of Attachments, if required) The Department calculates the following impacts of this bill: The Unemployment Benefits paid by the Unemployment Trust Fund would be reduced by 1.4% of benefits paid per year, due to fewer weeks being paid to individuals who would qualify under an alternate base period. The impacted individuals would otherwise have to wait until the start of the next quarter to file for benefits. Therefore reducing the number of weeks paid to anyone who does not exhaust their benefits, with the assumption they would otherwise exit Unemployment Insurance at the same time. There will also be an impact on Unemployment Contributions; however, the impact cannot be determined at this time because it is dependent on future decisions made by the Employment Security Division Administrator during the annual unemployment insurance tax rate setting process. Name Kathleen DeSocio GOVERNOR'S OFFICE OF FINANCE COMMENTS Title Deputy Chief Financial Officer Date Monday, March 27, 2017 The agency's response appears reasonable. Name Susan Brown Title FN 318 Executive Budget Officer
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