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 |
2011
Increase/Decrease
(use"-") |
2012
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
490,800 |
490,800 |
| 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):
The purpose of this bill is to provide loan assistance for math and science teachers who agree to teach in areas and schools in critical need of such teachers.
The bill would require the WVBE to adopt a standardized definition of critical shortage criteria and procedures for identifying schools or geographic areas in critical need of math and science teachers, awarding loan assistance, loan assistance renewal, compliance, noncompliance, repayment, deferral and excusal and procedures to ensure that loan assistance funds reach the proper lending entity, and development of model loan assistance agreements that would be applied across the state. The WVDE would be responsible for distributing the funds in addition to collecting the funds if an individual would “default” in fulfilling the requirements of the loan forgiveness.
The estimated cost of the program was calculated using the number of positions in math and sciences in grades 7-12 not filled by teachers fully certified in those content areas and 25% of the fully certified math and science teachers employed by the county boards that have shortages of teachers in those subject areas, based on the assumption that only 25% of the current teachers would still have student loans outstanding.
During the current year, there are 107.5 math and science positions filled by teachers who are not fully certified in those content areas. And in the school districts where those positions exist, there are an estimated 137.9 fully certified math and science teachers who would be eligible for loan assistance, for a total of 245.9 teachers who would be eligible for the loan assistance program. Based on this number of eligible teachers, the estimated total cost of this proposal to the State would be $490,800 per year.
Memorandum
Person submitting Fiscal Note: Pam Bird for Joe Panetta
Email Address: pbird@access.k12.wv.us