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 salary incease would impact General Revenue in FY 2012 $4,374,642 and $2,472,667 for FY 2011. The Division of Corrections could not absorb this increase without an increase to their overall funds.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2011 Increase/Decrease (use"-") |
2012 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
2,433,309 |
4,374,642 |
4,374,642 |
Personal Services |
2,433,309 |
4,374,642 |
4,374,642 |
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):
FY2012
Personal Services Increase $2,008 $3,935,800
Social Security 7.65% $301,089
Retirement 14.50% $570,691
Workers Comp 3.50% $137,753
1%PEIA 1% $39,358
$4,374,642
FY2011
Personal Services Increase 1,004.00 $1,967,900
Social Security 7.65% $150,544
Retirement 12.50% $245,988
Workers Comp 3.50% $68,877
1%PEIA 1% $19,679
$2,433,309
The FY 2012 costs would continue in the future.
Memorandum
Person submitting Fiscal Note: Patti Withrow, CFO
Email Address: patti.j.withrow@wv.gov