FUND(S):



Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The purpose of this bill is to increase the principals’ increment rates for principals by 5 percentage points and for assistant principals by 2 ½ percentage points.
    
    
    
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")
2006
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 1,704,317 1,704,317
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):


    The total estimated cost of this proposal would be $1,704,317, which would be an additional cost to the State through the Public School Support Program. See the attached schedule for a detailed explanation of the calculation.



Memorandum


     Person submitting Fiscal Note: Renee Hodges
     Email Address: ahodges@access.k12.wv.us