FISCAL NOTE
Date Requested: February 12, 2015 Time Requested: 12:06 PM |
Agency: |
Budget Office |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1596 |
Introduced |
HB2043 |
|
CBD Subject: |
State Personnel |
---|
|
FUND(S):
General, Lottery, Special, Road, Federal, Federal Block, and Other
Sources of Revenue:
General Fund,Special Fund,Other Fund Road, Federal, Federal Bl
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
HB2043 grants each state employee a $1,000 pay raise effective 7/1/2015.
Note: this fiscal note estimates costs associated with total FTEs (including Higher Education) of 41,636.68 positions and also assumes an average of 22.15% employee benefits per position.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2015 Increase/Decrease (use"-") |
2016 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
50,859,205 |
50,859,205 |
Personal Services |
0 |
41,636,680 |
41,636,680 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
9,222,525 |
9,222,525 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
As of 12/31/14 there were 41,636.68 FTE positions. Pay raise costs are calculated assuming 22.15% in employee benefits costs.
General Revenue costs total $20,966,000
All Other Funding sources costs total $29,893,000
Memorandum
Note: this fiscal note estimates costs associated with total FTEs (including Higher Education) of 41,636.68 positions and also assumes an average of 22.15% employee benefits per position.
Person submitting Fiscal Note: Mike McKown
Email Address: mike.p.mckown@wv.gov