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.
It is estimated that the State of WV will pay out an additional $300,000.00 in funding related to payment of expanded workers compensation subsidy payments to the current eligible entities. Since the Auditor's Office is currently paying payments to the same entities carriers (except for the intial changes to the program used to calculate the subsidy payment), no additional Personal Services and or other expenses are expected to be incurred with this change.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2013
Increase/Decrease
(use"-") |
2014
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
300,000 |
300,000 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Additionally suggested changes in HB2543 are estimated to impact the program by about $300,000.00. There are about 63 entities we estimate will qualify for the enhanced / expanded program parameters. The additional service coverage to include rapid response medical, ambulance and diving services components provided by Volunteer Fire Departments with an average additional payout of $4,762.00 for those entities that qualify. Anticipating, that if the enhanced / expanded parameters are passed, the additional funding will be available on July 1 2013 for pay out in FY 2014.
Memorandum
Entities that are not currently classified as COMBO'S are not included in the calculations. Any entities who would be classified as combo's and receive the additional coverage subsidy after the bill are not included.
Person submitting Fiscal Note: Charles Perdue
Email Address: charles.perdue@wvsao.gov