FUND(S):

All State Funds

Sources of Revenue:

General Fund,Special Fund,Other Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    This bill would raise the West Virginia minimum wage to $9.50 on hour. The Department of Administration does not have the data to determine the costs for temporary positions, Higher Educatin and Board Members. The fiscal impact to the State, excluding these entities, would be $1,573,103.87.



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 157,310,387 157,310,387 157,310,387
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 estimated fiscal impact to the State, excluding temporary positions, Higher Education, and Board Members, is based upon the following:
    
    General Revenue $994,326.32
    State Road Fund $20,880.00
    Federal Funds $130,690.52
    Appropriated Special Revenue $28,127.40
    Non-appropriated Special Revenue $105,326.94
    Lottery Funds $11,136.00
    
    Total Salaries: $1,290,487.18
    
    Employer Matching Social Security: $98,722.27
    Workers Compensation: $3,226.22
    Employer Retirement: $180,668.21
    
    Total Costs: $1,573,103.87



Memorandum


    I would recommend a fiscal note be requested from Higher Education to determine the fiscal impact to the state for their employees.
    
    Also, if we didn’t increase all employees equally we would exacerbate an already difficult salary compression problem.



    Person submitting Fiscal Note: Donna Lipscomb
    Email Address: donna.m.lipscomb@wv.gov