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