FISCAL NOTE
Date Requested: January 12, 2024 Time Requested: 01:57 PM |
Agency: |
Administration, WV Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1209 |
Introduced |
SB255 |
|
CBD Subject: |
Roads and Transportation |
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|
FUND(S):
Parking Lots Operating Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
If this legislation passes and accessible parking becomes cost free, annual parking revenue at the Capitol Complex would decrease by approximately $14,160.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2024 Increase/Decrease (use"-") |
2025 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
14,160 |
14,160 |
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):
Annual decrease in revenue estimated at $14,160.00 due to loss of revenue from accessible parking spaces.
Memorandum
If this legislation passes and accessible parking becomes cost free, annual parking revenue at the Capitol Complex would decrease by approximately $14,160. The Department of Administration has no way of estimating accessible parking revenue for properties outside of the Complex. Costs are charged for parking at many state buildings located throughout the state, including higher education institutions.
Person submitting Fiscal Note: Arlie Hubbard III
Email Address: arlie.o.hubbard@wv.gov