FISCAL NOTE



FUND(S):



Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


The bill proposes an annual salary increase of $2,008 for each employee within the Division of Corrections. The increase in personal services and employee benefits for each of the current 2,331.75 FTEs within the Division would total approximately $5,862,992 per year. Total increase in personal services: $4,682,154 Total increase for employee benefits: $1,180,838 Estimates in the Fiscal Note Detail for FY 2014 are for two full months of the salary increase.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2014
Increase/Decrease
(use"-")
2015
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 977,166 5,862,992 5,862,992
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):


Total increase in personal services $4,682,154 Total increase in SS Matching $ 358,185 Total increase in Workers Comp. $ 143,740 Total increase in Retirement $ 678,913 Total increase per year $5,862,992



Memorandum






    Person submitting Fiscal Note: Patti Withrow
    Email Address: patti.j.withrow@wv.gov