Fiscal Note - SB 0257 - Establishes Funding For Pension Programs In Ambulance Districts
L.R. NO. 1028-01
BILL NO. SB 257
SUBJECT: Retirement: Ambulance Districts
TYPE: Original
DATE: January 31, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
The Joint Committee on Public Employee Retirement (JCPER) has reviewed this
proposal and has determined an actuarial study is not needed under the
provisions of section 105.660, subdivision (5).
Officials of the Local Government Employees Retirement System stated that the
proposal would not affect LAGERS.
Oversight assumes that: 1) income derived due to the proposal would depend
upon actions of ambulance district boards of directors and voters of the
districts, and 2) income derived would be spent on district pension programs.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
AMBULANCE DISTRICTS
Income to Ambulance Districts
Additional Property Tax Unknown Unknown Unknown
Cost to Ambulance Districts
Pension Plans (Unknown) (Unknown) (Unknown)
NET EFFECT ON AMBULANCE
DISTRICTS $0 $0 $0
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected due to this
proposal.
DESCRIPTION
This proposal would allow boards of directors of ambulance districts to, with
voter approval, impose property taxes of up to ten cents per one hundred
dollars assessed valuation. Funds from the tax would be used only for
ambulance district pension programs.
This legislation is not federally mandated, would not duplicate any other
program, would not require additional capital improvements or rental space,
and would not affect total state revenue.
SOURCES OF INFORMATION
Joint Committee on Public Employee Retirement
Local Government Employees Retirement System
This Fiscal Note is not an official copy and should not be quoted or cited.