FISCAL NOTE

Date Requested: March 06, 2017
Time Requested: 09:14 AM
Agency: Auditor, State of WV
CBD Number: Version: Bill Number: Resolution Number:
2926 Introduced SB509
CBD Subject: Claims


FUND(S):

0116, 1225

Sources of Revenue:

General Fund,Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


An estimated 30% increase in revenues from all fee sources. The increase is conservatively estimated to be $5,600,000.00. The new Gross Revenue is estimated to be $24,278,000.00.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 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 5,601,000 24,278,000


Explanation of above estimates (including long-range effect):


An estimated 30% increase in revenues from all fee sources. The increase is conservatively estimated to be $5,600,000.00. The new Gross Revenue is estimated to be $24,278,000.00.



Memorandum






    Person submitting Fiscal Note: Danny W. Thompson
    Email Address: Danny.thompson@wvsao.gov