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.
The amendment would increase the annual salary of each legislative member from $15,000 per year to $20,000 per year. Currently, the total annual salary for all Senate and House members is $2,010,000 (134 members x $15,000). The amendment would increase the total annual salary for all legislative members to $2,680,000 (134 members x $20,000). This is an increase of $670,000.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2008
Increase/Decrease
(use"-") |
2009
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
670,000 |
670,000 |
| Personal Services |
0 |
670,000 |
670,000 |
| 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):
$670,000 increase in expenses to pay for $5,000 annual increase in compensation for each member of the Legislature to become effective in 2009.
Memorandum
It must be noted that the original bill increased the annual salary of only Senate members, which would be $170,000. This amendment would increase that amount by $500,000.
Person submitting Fiscal Note: Denny Rhodes
Email Address: perd@mail.wvnet.edu