FISCAL NOTE
FUND(S):
Sources of Revenue:
Special Fund
Legislation creates:
A New Program,A New Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this legislation is to establish a Creative Communities Development Pilot Program within the Development Office.The purpose of this matching grant program is to help develop and enhance communities in the State by developing planning strategies to make them more viable and be more able to compete for economic investment.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2013
Increase/Decrease
(use"-") |
2014
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
175,000 |
175,000 |
| Personal Services |
0 |
135,000 |
135,000 |
| Current Expenses |
0 |
40,000 |
40,000 |
| 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):
Since we are not sure how much the Legislature is going to appropriate to etablish the Creative communities Development Fund, it is difficult to etimate how much of these funds would have to be set aside for staff salaries and Board Member travel and per diem.The above estimate is based on the need to hire two additional staff to administer this program. Funds are also included to pay the per diem and travel costs of the three public board members to attend the bi-monthly meetingd required by this legislation.
Memorandum
In our experience , it will be difficult for communities to come up with the required dollar for dollar match necessary to obtain one of these grants.
Person submitting Fiscal Note: Carl D Smith
Email Address: carl.d.smith@wv.gov