FISCAL NOTE
Date Requested: February 24, 2025
Time Requested: 03:02 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2155 |
Introduced |
HB2879 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
General Fund
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense, Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill would create the West Virginia Math & Science Teacher Scholarship Act, which would provide two separate levels of debt relief to West Virginia certified K-12 public school teachers with specializations in a mathematics or science field. Eligible teachers would also to have be a citizen of the United States and have been a resident of West Virginia for at least one year immediately preceding the date of application for the scholarship; to have completed at least a master’s degree in education with a specialization in Mathematics or Science; be employed by a kindergarten through 12 public school in this state for a minimum of three years for the initial $2,000 and six years for the additional $2,000; fill a position that qualifies as a mathematics or science position under West Virginia Department of Education standards; and have available debt to qualify, as scholarship funds to recipients shall not exceed any debt owed at the time of award and applicants who have a debt balance of less than the award amount will not receive the full amount offered. According to the bill, if any teacher is employed in a K-12 public school in this state for a minimum of three years and while employed in a STEM position, then they shall be eligible for up to $2,000 in debt relief through this scholarship. If a teacher has been employed in a school in this state for a minimum of six years and holds a mathematics or science specialization, then that teacher shall be eligible for up to $4,000 in debt relief, or for an additional amount of $2,000 if the six-year option was taken after their initial three years of employment. The Higher Education Policy Commission cannot determine the number of teachers in the state who may meet the criteria outlined in the proposed bill. However, for every 25 teachers eligible for the award, the annual cost would be between $50,000 and $100,000, depending on the repayment rate of $2,000 annually or $4,000 annually.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2025
Increase/Decrease
(use"-") |
2026
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 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The necessary information is not available to determine the possible fiscal impact.
Memorandum
The necessary information is not available to determine the possible fiscal impact.
Person submitting Fiscal Note: Misty Price
Email Address: misty.price@wvhepc.edu