FISCAL NOTE
Date Requested: March 04, 2021 Time Requested: 02:19 PM |
Agency: |
Workforce WV |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2991 |
Introduced |
SB421 |
|
CBD Subject: |
Labor |
---|
|
FUND(S):
Federal Revenue (Nonappropriated)
Sources of Revenue:
Other Fund Federal Revenue
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
This Senate Bill will increase personal service expenses.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2021 Increase/Decrease (use"-") |
2022 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
3,800,000 |
3,800,000 |
Personal Services |
0 |
3,800,000 |
3,800,000 |
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):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Senate Bill is creating 100 new exempt positions for WorkForce WV, this would increase personal services. Existing federal grants would be the source of revenue for the new personal expenses.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
N/A
Person submitting Fiscal Note: Jane Shinn
Email Address: jane.shinn@wv.gov