FISCAL NOTE
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.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2007
Increase/Decrease
(use"-") |
2008
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
9,769,854 |
0 |
| Personal Services |
0 |
8,141,545 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
1,628,309 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
FY 2007 General Revenue increment is $6,758,509. To increase the current eigible employees (3 or more years service) to $100 per year beginning in FY 2008, would be a funding increase of $7,676,562 personal services and $1,535,312 associated benefits. The cost for newly eligible employees (eligible employees with one to three years service) would be and additional $464,983 personal services and $92, 997 benefits. To increase the annual increment from $50 to $100 and change eligible employees years of service from three years to one year would cost $8,141,545 personal services and $1,628,309 employees benefits or a total for FY 2008 of $9,769,854.
Memorandum
Person submitting Fiscal Note: Cathie Fowlkes
Email Address: cfowlkes@wvbudget.gov