FISCAL NOTE
FUND(S):
Courtesy Patrol Fund
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
At present, $4.7 million is being transferred from the Tourism Promotion Fund each fiscal year. Over the past two fiscal years the Courtesy Patrol program has used on average approximately $3.7 million for the operations of the Courtesy Patrol program, leaving a balance in the fund at the end of each fiscal year of approximately $1,000,000. HB 4276 gives the Division of Tourism the authority to transfer any remaining unused funds at the end of each fiscal year from the Courtesy Patrol Fund back to the Tourism Promotion Fund. We estimate transferring appoximately $1,000,000 back to the Tourism Promotion Fund each year to be used for the Tourism Promtion Fund grant program.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2010
Increase/Decrease
(use"-") |
2011
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
1,000,000 |
1,000,000 |
1,000,000 |
| 2. Estimated Total Revenues |
-1,000,000 |
-1,000,000 |
-1,000,000 |
Explanation of above estimates (including long-range effect):
While meeting the obligations of the Courtesy Patrol Program, HB 4275 will increase investment back into the Tourism Promotion Fund grant program by approximately $1,000,000 per year, contributing to the overall economic impact to the State. In 2008, the Tourism industry created an economic impact to West Virginia totaling $4.38 billion in direct travel spending, $544 million in state taxes, 44,000 jobs and $912 million in earnings.
Memorandum
Person submitting Fiscal Note: Les Smith
Email Address: Les.M.Smith@wv.gov