FISCAL NOTE
Date Requested: February 13, 2017
Time Requested: 01:30 PM |
| Agency: |
Fire Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1117 |
Introduced |
HB2361 |
|
|---|
| CBD Subject: |
Insurance |
|---|
|
FUND(S):
Sources of Revenue:
Special 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 increase the revenue of the State for this particular fund which serves to assist Volunteer Fire Departments in the operation and execution of their commitment to the communities they valiantly serve. This bill would have significant impact in alleviating many of these departments concerns pertaining to: payment of the worker's compensation premiums for their members by supplying sufficient capital necessary to fund a sustained worker's compensation program. This bill would also enhance fire department's ability to provide and have minimal to low cost training for these volunteer members by fully funding the obligations departments have to training and it's cost while also enhancing other fire service programs provided to the community and it's members.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2017
Increase/Decrease
(use"-") |
2018
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 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
10,000,000 |
10,000,000 |
Explanation of above estimates (including long-range effect):
Referring to my 33-3-33a Report titled: Comprehensive Report to the West Virginia Legislature Joint Committee Government and Finance Review and Recommendations on Volunteer and Part-Volunteer Fire Service which was issued to the committee in December 2015, this should provide an example of the helpful impact this would have to Volunteer Fire Departments: "on a hypothetical $1,000.00 homeowner's premium, would currently result in a cost of $5.50 added to each policy in West Virginia. The proposal of increasing the surtax to 1% would increase that amount by $4.50 to a flat $10.00 per year. It is expected that this modest increase would result in approximately $10,000,000.00 in revenue that would fully fund worker's compensation cost, cover all training costs for the nearly 10,000 volunteers of the State, and provide funding to address the many other concerns highlighted by this report (i.e. recruitment and retention efforts; fire dept. sustainability; and community fire prevention programs" (see pg. 16 of the referenced report).
Memorandum
Additional clarifications on how and what the money should be used for may be needed.
Person submitting Fiscal Note: Kenneth E Tyree Jr.
Email Address: Kenneth.E.Tyree@wv.gov