Analysis Complete for House Bill 1087

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HB 1087, titled AN ACT Relating to long-term services and supports, 10 year analysis is complete.

The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

Fiscal Year		Long-term Services
2020		$0
2021		0
2022		258,109,648
2023		1,040,035,759
2024		1,068,141,396
2025		1,089,504,224
2026		1,111,294,309
2027		1,133,520,195
2028		1,156,190,599
2029		1,179,314,411
Total:		$ 8,036,110,541

This bill requires employers to collect the premiums through payroll deductions and remit the amounts collected to the Employment Security Department (ESD). Therefore, there is no impact to premiums collected by L&I.