FISCAL NOTE



FUND(S):

1612 - Services and Collections Account

Sources of Revenue:

Special Fund

Legislation creates:

A New Program



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


1. Technological (changes to candidate database, internet, and online campaign finance report program) - $150,000 2. State Election Commission - Additional appropriation needed for meetings - $10,000 3. Personnel - $70,000 (Including Benefits) - Implement policies and procedures for Public financing of Campaigns and monitoring reports ***4. Program Expenditures - 2010=$1,396,395; 2012=$4,232,341; 2014=$7,069,820*** 5. Estimated Total Revenue - Not discernible at this time



Fiscal Note Detail


Effect of Proposal Fiscal Year
2008
Increase/Decrease
(use"-")
2009
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 1,626,395
Personal Services 0 0 70,000
Current Expenses 0 0 160,000
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 1,396,395
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


Staff Members - $70,000 (Including Benefits); technology changes - $150,000; added expenses to State Election Commission - $10,000; the estimated amount of potential distribution to qualifying candidates participating in this project is as follows: 2010=$1,396,395; 2012=$4,232,341; and 2014=$7,069,820



Memorandum


The programatic costs are rough estimates only as the actual costs may vary in accordance with the actual number of participants. The number chosen for this project reflect an average based on participation levels in states already enacting this program.



    Person submitting Fiscal Note: Marie Lamont
    Email Address: mlamont@wvsos.com