FISCAL NOTE
Date Requested: March 05, 2026
Time Requested: 04:37 PM |
| Agency: |
Workforce WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 4319 |
Comm. Sub2 |
SB1053 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
Unemployment Automation and Administration Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
SB1053 will create no additional revenue for WorkForce WV or the State. This bill takes an existing revenue source, the State Unemployment Tax (SUTA), and puts 7% of the SUTA tax into a new fund. Expenses from the fund will be used for existing administrative costs while incurring new expenses to upgrade technology for the unemployment compensation and job search systems.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
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 |
0 |
0 |
Explanation of above estimates (including long-range effect):
There are no additional revenues or expenses related to the implementation of SB1053.
Memorandum
N/A
Person submitting Fiscal Note: Jane Shinn
Email Address: jane.shinn@wv.gov