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.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2011
Increase/Decrease
(use"-") |
2012
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
56,818,231 |
56,818,231 |
| 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):
The purpose of this bill is to reduce the local share taken into consideration for the state aid funding formula by 50% of the increase in local tax collections over the most recent five-year period.
The estimated cost of this proposal to the State through the Public School Support Program for the 2011-12 year is $56,818,231.
Memorandum
Person submitting Fiscal Note: Pam Bird for Joe Panetta
Email Address: pbird@access.k12.wv.us