In preparation for the public hearing on five different pieces of legislation about paid family and medical leave benefits, the Office of the Budget Director (Budget Office) analyzed the economic impact of the proposed approaches to paid leave by grouping the bills into three general categories: a public insurance program, a government mandate on employers, and a hybrid public/private model.
In an Addendum to the Economic and Policy Impact Statement on the “Universal Paid Leave Act of 2016”, the Budget Office finds that each of these three approaches to providing equivalent paid leave benefits would have virtually the same impact on the District’s economy and job market over the medium to long term. This memo can be accessed here.
The original Economic and Policy Impact Statement on the “Universal Paid Leave Act of 2016” was published on December 2, 2016. Linked here are the PowerPoint presentation, executive summary, and full statement.