FISCAL NOTE
Date Requested: February 18, 2025
Time Requested: 05:01 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2858 |
Amendment |
SB520 |
|
|---|
| CBD Subject: |
|
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FUND(S):
State Funds and County Boards of Education
Sources of Revenue:
Other Fund Impacts All State Fund Types and Including County Boards of Education at the Local Level
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed Senate Bill 520 is to require the Executive Branch agencies, State Police and county boards of education to develop a market rate salary adjustment policy to allow localities within the State to adjust salaries according to the local market conditions and cost of living in that area.
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):
We have reviewed the provisions of the proposed legislation and we find those provisions mandate the development of an Area Market Rate Salary Adjustment Policy no later than July 1, 2026 by Executive Branch agencies, the State Police and all county boards of education. Further, the proposed Bill mandates the aforementioned Policy shall be provided in writing and electronically to the President of the West Virginia Senate, Speaker of the West Virginia House of Delegates, the Office of the Governor of West Virginia and the West Virginia State Budget Office no later than September 1, 2025. Since the earlier-mentioned Policy has not yet been formulated, we have no basis at this time for projecting the potential financial impacts of the proposed Bill.
Memorandum
We have no additional comments regarding this proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov