FISCAL NOTE
Date Requested: January 12, 2024
Time Requested: 05:50 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1298 |
Introduced |
SB368 |
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|---|
| CBD Subject: |
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FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue, Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to provide a rebate of $100 for owners of hybrid vehicles.
There are approximately 22,174 hybrid vehicles currently registered in the state. This legislation would result in a corresponding number of refunds annually. The Division would need to add two positions in order to process the refunds. The two new positions would have average salaries of $40,000 per year for a total of $80,000 ($40,000 x 2) with benefit costs of approximately $32,000 for a total increase to personal services of $112,000 ($80,000 + $32,000). Additional equipment and supplies would be needed for the employees as follows: Computers at $1,470, monitors at $278, scanners at $1,341, phones at $616, Google setup at $428, electric staplers $150, and office supplies of $800, for a total current expense of $5,083 ($1,470 + $278 + $1,341 + $616 + $428 + $150 + $800). The costs of $112,000 for personnel services would recur each year.
The bill would reduce revenue by $2,217,400 (22,174 Vehicles x $100).
This fiscal note does not address the additional burden placed on the WV State Auditor’s office to process the refunds, nor does it address the costs associated with the preparation and distribution of 22,174 paper checks.
The DMV fees collected above are deposited into the State Road Fund. Our first obligation is to meet our debt service payments and then our fixed costs. Any decrease to our revenue would impact the amount of remaining dollars available which can be used for, matching funds for federally eligible road construction projects, repair and maintenance of existing roads, purchase of equipment, etc.
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 |
117,083 |
112,000 |
| Personal Services |
0 |
112,000 |
112,000 |
| Current Expenses |
0 |
5,083 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-2,217,400 |
-2,217,400 |
Explanation of above estimates (including long-range effect):
FY 2025
EXPENSES
$ 80,000 Salary for two positions
$ 32,000 Benefits
$ 112,000 Total Salary and Benefits
$ 5,083 equipment and supplies
$ 5,083 Total Current Expense
REVENUES
2,2174 Hybrid Vehicles
$ 100 Rebate
$ 2,217,400 Total Reduction of Revenue
UPON FULL IMPLEMENTATION
EXPENSES
$ 80,000 Salary for two positions
$ 32,000 Benefits
$ 112,000 Total Salary and Benefits
REVENUES
2,2174 Hybrid Vehicles
$ 100 Rebate
$ 2,217,400 Total Reduction of Revenue
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.
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov