FISCAL NOTE
Date Requested: February 08, 2019
Time Requested: 11:28 AM |
| Agency: |
Development Office |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2979 |
Introduced |
HB2941 |
|
|---|
| CBD Subject: |
Economic Development, Taxation |
|---|
|
FUND(S):
General
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense, Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Hire one additional position at approximately $50,000 plus fringe benefits. In the first year there will be one-time costs for equipment.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2019
Increase/Decrease
(use"-") |
2020
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
75,000 |
72,500 |
| Personal Services |
0 |
72,500 |
72,500 |
| Current Expenses |
0 |
2,500 |
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):
Personal services would be $50,000 with an estimate of $22,500 for benefits with a one-time cost of equipment of $2,500.
Memorandum
The Tax Department would need to provide a fiscal note on any additional revenues.
Person submitting Fiscal Note: Kimberly Miller
Email Address: kimberly.l.miller@wv.gov