FUND(S):

General, Lottery, Special, Road, Federal, Federal Block, and Other

Sources of Revenue:

General Fund,Special Fund,Other Fund Road, Federal & Other

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    Estimated total cost of all funding sources $22,900,000.
    (Estimated cost to General Fund $10,000,000.
    Estimated cost to all other funding sources $12,900,000).
    
    The above figures include employee benefits of 23.15% (FICA 7.65%, PERS 14.5%, workers comp 1%).
    
    



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 22,900,000 22,900,000
Personal Services 0 18,600,000 18,600,000
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 4,300,000 4,300,000
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    Calculations show the costs of increasing the annual increment from $60 per year (after 3 years employment) to $100 per year (after 1 year employment).
    
    Calculations are based on an average of FY 2012 actual annual increment expenditures and FY 2013 budgeted annual increment amounts.
    
    Calculations also assume that 4,000 new hires are made during each FY 2012 and FY 2011.
    
    The above cost are "base building" costs that carry forward year after year and are not currently built into agencies' base budgets.



Memorandum


    



    Person submitting Fiscal Note: Mike McKown
    Email Address: mike.p.mckown@wv.gov