Date Requested:March 18, 2013
Time Requested:01:47 PM
Agency: Administration
CBD Number: Version: Bill Number: Resolution Number:
2013R2720 Introduced HB2953
CBD Subject: MINIMUM WAGE RAISED
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
Over-all effect
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
3. 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
Person submitting Fiscal Note:
Donna Lipscomb
Email Address:
donna.m.lipscomb@wv.gov
    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.