FISCAL NOTE
Date Requested: February 24, 2021 Time Requested: 01:45 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2614 |
Introduced |
HB2719 |
|
CBD Subject: |
Motor Vehicles |
---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to allow the DMV to use electronic means to provide notice to licensees and vehicle owners with the expectation that actual notice will be provided more frequently and efficiently using modern technology for delivery.
The Division spends approximately $600,000 per year for certified mail and estimate this could be reduced by 25 % in the first year for a savings of $150,000 ($600,000 x 25%). The Division also has expenses of approximately $731,582 for the production and mailing of renewal notices. The Division estimates this cost can be reduced by 18.09%, or $132,366 ($731,582 * 18.09%) in the first year. The Division further estimates the savings will grow by 10% per year for several years.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2021 Increase/Decrease (use"-") |
2022 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
-282,366 |
-310,603 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
-282,366 |
-310,603 |
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):
-$150,000 Certified Mail
-$132,366 Renewal Notice
-$282,366 Total Current Expense
-$165,000 Certified Mail
-$145,603 Renewal Notice
-$310,603 Total Current Expense
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov