What is the estimated cost of the formaldehyde regulations to the taxpayers of California with regard to the states lab facilities, staff, etc.?
ARB staff estimated the cost of resources needed to implement the ATCM to be $2.6-2.8 million dollars. 12. What are the estimated costs of the regulations to California consumers? To meet the Phase 1 emission standards, we estimate that the average price of a 4′ x 8′ panel of particleboard, hardwood plywood, or medium density fiberboard will increase by $1 to $2. To meet the Phase 2 standards, we estimate the increase at $3 to $6. The cost of a median-priced 2000 square feet house (in California) of ~$574,000 is estimated to increase by less than one-tenth of one percent due to the cost of materials. The costs of finished goods that contain composite wood products are estimated to increase by five to ten percent.
