Analysis Complete for Substitute Senate Bill 5331

Office of Financial Management

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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
Year

   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.