FISCAL NOTE
FUND(S):
Sources of Revenue:
General Fund,Special Fund,Other Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill would raise the West Virginia minimum wage to $9. 00 an
hour starting on July 1, 2014. The Department o f Admi nistrati on
does not have data to determine the costs for temporary posit i ons,
Higher Education and Board Members. The fiscal impact to the State,
excluding those entities, would be $659,256 .33 annually .
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 |
65,925,633 |
65,925,633 |
65,925,633 |
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 estimated fiscal impact to the state, excluding temporary
employees, Higher Education, and Board members is based upon th following:
General Revenue $442,003.66
State Road Fund $4,188.00
Federal Funds $25,262.00
Appropriated Special Revenue $18,283.67
Non-appropriated Special Revenue $46,736.00
Lottery Funds $4,344.00
Total Salaries: $540,817.33
Employer Matching Social Security $41,372.53
Workers Compensation $1,352.04
Employer Retirement $75,714.43
Total: $659,256.33
Memorandum
I would suggest that a fiscal note request b e sent to Higher
Education in order to determine the fiscal impact to the stat e for
their employees .
Person submitting Fiscal Note: Donna Lipscomb
Email Address: donna.m.lipscomb@wv.gov