FUND(S):



Sources of Revenue:

Other Fund N/A

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The purpose of this bill is to increase salary increments paid to principals by 3% and assistant principals by 1.5%.



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 1,243,163 1,243,163
Personal Services 0 0 0
Current Expenses 0 1,243,163 1,243,163
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 estimated cost to the state under the Public School Support Program (PSSP) for the increase in salary increments for principals and assistant principals is $1,243,163. The estimated cost includes an increase in Steps 1, 3, and 6 of PSSP, as well as an increase in retirement.



Memorandum


     Person submitting Fiscal Note: Brenda Freed
     Email Address: bfreed@access.k12.wv.us