FISCAL NOTE
Date Requested: January 18, 2023
Time Requested: 10:47 PM |
| Agency: |
Education, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2100 |
Introduced |
HB2598 |
|
|---|
| CBD Subject: |
State Personnel |
|---|
|
FUND(S):
0317
Sources of Revenue:
General Fund N/A
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The total estimated cost to the State for the 2023-24 year under the Public School Support Plan (PSSP) for the proposed legislation is $121,034,600. The cost to the State would vary annually depending on the number of service personnel funded under the PSSP and their degree level.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
121,034,600 |
121,034,600 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
121,034,600 |
121,034,600 |
| 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 total estimated cost to the State under the PSSP for the proposed legislation is $121,034,600. The proposed legislation would increase the minimum monthly pay for service personnel by $900 and with an additional increase of $20 per month provided to service personnel holding at least an associate degree. The increase in the minimum monthly pay estimate is based on 11,290.167 service personnel calculated to be funded statewide for fiscal year 2024. The additional $20 is based on 2,292.46 service personnel listed in the Certified List of Personnel who have obtained at least an associate degree.
The increase in minimum pay would increase funding under Step 2 – Allowance for Service Personnel by $102,069,994, Step 3 – Allowance for Fixed Charges by $8,430,982, Step 6b – Allowance for Substitutes by $2,551,750, and Retirement by $7,981,874 for a total estimated cost to the State of $121,034,600.
Note that county boards of education will incur additional costs for personnel employed in excess of funded, personnel employed in positions not eligible for state aid funding, and personnel employed using other funding sources such as state or federal grants. Such county level costs are not included in the above estimates.
The West Virginia Consolidated Public Retirement Board (CPRB) should also be consulted to obtain the additional cost to the State due to the impact of the proposed salary increases on the unfunded retirement liability for the Teachers' Retirement System (TRS).
This cost estimate does not assume the passage of other legislation. If other changes are made to the PSSP, it could result in an increased cost for the pay increases.
Memorandum
N/A
Person submitting Fiscal Note: Sam Pauley
Email Address: sepauley@k12.wv.us