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ME LD1539
Bill
AI Summary
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Creates a State Employee Compensation Stabilization Fund within the Department of Administrative and Financial Services to augment salaries of executive branch state employees
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Fund purpose is to achieve salary parity between state employees and comparable public/private sector positions, based on market pay studies and negotiated with the state employees' labor organization
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Allocates 1% of excess General Fund revenues to the new fund, reducing the Highway and Bridge Capital program's share from 20% to 19%
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Fund balances do not lapse at fiscal year end but carry forward, and interest earned on investments is credited back to the fund
Legislative Description
An Act to Create a State Employee Compensation Stabilization Fund
State Government
Last Action
CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
6/25/2025