FISCAL NOTE
FUND(S):
UI Trust Fund and Fund 3450
Sources of Revenue:
Other Fund Federal Funds
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The Benefit costs for this program with Federal funds. This program will pay benefits starting with week ending 07/18/09 and will be phased out by week ending 12/26/09. The administrative costs for this program are the only costs that will be run though the state budget office (these costs are minimal and will not create a need for a revised expenditure schedule). The benefit payments will be processed through our UI Trust Fund.
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 |
17,854,349 |
0 |
0 |
| Personal Services |
255,849 |
0 |
0 |
| Current Expenses |
48,611 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
17,549,889 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The personal services dollars and current expenses mentioned above will cover 5 and 1/2 positions plus any associated costs. These are considered administrative costs and will be paid for by Federal Funds and processed though State Fund 3450. The other costs are proposed benefit payments and will be processed through the UI Trust Fund. These extended benefits will be phased out by week ending 12/26/09.
Memorandum
Person submitting Fiscal Note: Caren Jenkins
Email Address: cjenkins@workforcewv.org