FISCAL NOTE
Date Requested: March 05, 2025
Time Requested: 01:29 PM |
| Agency: |
State Budget Office, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1910 |
Introduced |
HB3110 |
|
|---|
| CBD Subject: |
Counties |
|---|
|
FUND(S):
General Revenue
Sources of Revenue:
General Fund
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 bill will cost the General Revenue Fund $6,699,938 per fiscal year.
There is $0 of revenue generated by this bill.
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 |
6,699,938 |
6,699,938 |
| Personal Services |
0 |
5,375,000 |
5,375,000 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
1,324,938 |
1,324,938 |
| 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.
According to the Consolidated Public Employees Retirement Board, there are 1,075 active Deputy Sheriffs in the WV Deputy Sheriffs Retirement System.
Therefore, the cost of a $5,000 pay raise per fiscal year would be calculated as follows:
1,075 deputies x $5,000 = $5,375,000 for salaries.
$5,375,000 x 7.65% FICA employer match = $411,188
$5,375,000 x 17% Retirement employer match = $913,750
Total cost $6,699,938 per fiscal year.
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.
The bill does not specify what agency or fund that would administer these costs.
Person submitting Fiscal Note: Mike McKown
Email Address: mike.p.mckown@wv.gov