FISCAL NOTE
Date Requested: February 28, 2018
Time Requested: 08:06 AM |
| Agency: |
Secretary of State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2355 |
Introduced |
SB427 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
FUND(S):
0155
Sources of Revenue:
General Fund
Legislation creates:
Decreases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Elimination of certified mail requirement for some notices will result in a cost savings estimated at $6,000 for the agency.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2018
Increase/Decrease
(use"-") |
2019
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
7,500 |
-6,000 |
1,500 |
| Personal Services |
1,000 |
0 |
1,000 |
| Current Expenses |
6,000 |
-5,500 |
500 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
500 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The bulk of notices deal with amounts less than $1000. In fact, many of the mailings are at or less than the cost of the certified mail. This elimination will result in a tangible savings to the agency estimated at $6000.
Memorandum
None
Person submitting Fiscal Note: Stephen Connolly - Dep. Secretary/Chief Counsel
Email Address: sconnolly@wvsos.gov