FISCAL NOTE
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