FISCAL NOTE
FUND(S):
All funds
Sources of Revenue:
General Fund,Special Fund,Other Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill would raise the minimum wage to $5.50 per hour by June 30, 2005, and to $6.15 per hour by January 1, 2007. It would also provide that if the federal wage rate increased, then state minimum wage rate shall increase to equal the federal minimum wage rate.
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 |
20,400 |
120,000 |
| 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):
There are 99 permanent employees throughout all of state government currently making less than $6.15 per hour. The total amount necessary to bring these people up to $6.15 is $102,000 plus benefits of approx $18,000 for a grand total of $120,000.
To bring those employees up to a minimum wage of $5.50 would be $17,200 salary and about $3,200 in benefits for a total cost of $20,400.
Memorandum
Person submitting Fiscal Note: Donna Lipscomb, Executive Coordinator
Email Address: dlipscomb@wvadmin.gov