Analysis Complete for Substitute Senate Bill 5331
Office of the Governor / Office of Financial Management sent this bulletin at 05/13/2019 12:34 PM PDT
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SSB 5331, titled AN ACT Relating to long-term services and supports, 10 year analysis 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 |
Long-term Services |
|
|
|
||
|
2020 |
$ |
|
|
2021 |
||
|
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.