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 Division of Corrections will be required to expend an additional $3,172,714.00, including associated benefits, to fund this legislation annually.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2005
Increase/Decrease
(use"-") |
2006
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
3,172,714 |
0 |
| 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):
Number of Positions 2,170 x $1,200 salary increase = $2,604,000.00
Worker's Comp $2,604,000.00 x .0369 = $96,088.00
Retirement $2,604,000.00 x .105 = $273,420.00
Social Security $2,604,000.00 x .0765 = $199,206.00
TOTAL Needed to Fund Annually = $3,172,714.00
Memorandum
Person submitting Fiscal Note: Loita Butcher - WV Division of Corrections
Email Address: butchl@mail.wvnet.edu