FISCAL NOTE
FUND(S):
Sources of Revenue:
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The amount of $4,792,694 reflects the cost impact to state government for a full fiscal year.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2009 Increase/Decrease (use"-") |
2010 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
4,792,694 |
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):
Employees 1,989
Salary Incease $2,008.00
Personal Services (1,989 x $2,008.00) = $3,993,912
Benefits (3,993,912 x 20%) = $798,782
TOTAL $4,792,694.00
Memorandum
In the bill, it states FY 2009 and FY 2010; it would depend on the time the bill is passed in determining the amount needed to fund the FY 2010 increase.
Person submitting Fiscal Note: Loita Butcher
Email Address: butchl@mail.wvnet.edu