Date Requested: February 02, 2015
Time Requested: 03:24 PM
Agency: Budget Office
CBD Number: Version: Bill Number: Resolution Number:
1939 Introduced HB2435
CBD Subject: Actions, Suits and Liens


FUND(S):

General, Lottery, Special, Road, Federal, Federal Block, and Other

Sources of Revenue:

General Fund,Special Fund,Other Fund Road, Federal, Federal Bl

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    Estimated total cost of all funding sources @ $60/year $27,916,000.
    Estimated cost to General Revenue Fund @ $60/year $9,704,000.
    Estimated cost to all other funding sources @ $60/year $18,212,000.
    The above costs include employee benefits of 22.15% (FICA 7.65%, PERS 13.5%, workers comp 1%).
    
    Estimated total cost of all funding sources @ $80/year $37,222,000.
    Estimated cost to General Revenue Fund @ $80/year $12,939,000.
    Estimated cost to all other funding sources @ $80/year $24,283,000.
    The above costs include employee benefits of 22.15% (FICA 7.65%, PERS 13.5%, workers comp 1%).
    
    Estimated difference in cost of all funding sources $9,306,000.
    Estimated difference in cost to General Revenue Fund $3,235,000.
    Estimated difference in cost to all other funding sources $6,071,000.
    The above costs include employee benefits of 22.15% (FICA 7.65%, PERS 13.5%, workers comp 1%).
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2015
Increase/Decrease
(use"-")
2016
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 9,306,000 9,306,000
Personal Services 0 7,618,000 7,618,000
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 1,688,000 1,688,000
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    Calculations show the additional costs of increasing the annual increment from $60/year (after 3 years employment) to $80/year.
    Calculations are based on FY 2015 actual annual increment costs.
    The above costs are "base building" costs that carry forward year after year and are not currently built into agencies' base budgets.
    



Memorandum


    Estimated difference in cost of all funding sources $9,306,000.
    Estimated difference in cost to General Revenue Fund $3,235,000.
    Estimated difference in cost to all other funding sources $6,071,000.
    The above costs include employee benefits of 22.15% (FICA 7.65%, PERS 13.5%, workers comp 1%).
    



    Person submitting Fiscal Note: Mike McKown
    Email Address: mike.p.mckown@wv.gov