Sources of Revenue:

Special Fund

Legislation creates:

A New Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The Municipal Pensions Oversight Board can better address the overall costs and revenues of the proposal.
    This response is limited to the fiscal impact of the proposal redirecting the ten percent of the additional premium tax and surplus lines tax previously authorized to be paid to the Teachers Retirement System Reserve Fund to the Municipal Pensions Security Fund for three years beginning July 1, 2011.
    This proposal will redirect approximately $2.5 million in annual collections or approximately $7.5 million for the aggregate three years.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0

Explanation of above estimates (including long-range effect):




    Person submitting Fiscal Note: Michael D Riley
    Email Address: