FISCAL NOTE
Date Requested: January 15, 2024 Time Requested: 04:55 PM |
Agency: |
Homeland Security, Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1135 |
Introduced |
HB4734 |
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CBD Subject: |
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FUND(S):
Special and General
Sources of Revenue:
Other Fund General and Special
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
FTEs affected for the initial $6,000
FTE
Gen Rev 1462
Spec Rev 472
Cost for initial $6,000
Pers Serv Benefits Total
General Rev $8,772,000.00 $877,200.00 $9,649,200.00
Special Rev $2,832,000.00 $283,200.00 $3,115,200.00
Sign on Bonus and retention is harder to calculate so I have just assumed we hire 50% of vacancies and retain 75% for three years
Estimated Hires Retainage PS Benefits Total
Gen Rev 278 3000 834,000 83,400 917,400
Spec Rev 136 3000 408,000 40,800 448,800
Estimated 3 yr retainage Retainage PS Benefits Total
Gen Rev 208 3000 624000 62400 686,400
Spec Rev 102 3000 306000 30600 336,600
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2024 Increase/Decrease (use"-") |
2025 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
14,130,600 |
15,153,600 |
Personal Services |
0 |
12,846,000 |
13,776,000 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
1,284,600 |
1,377,600 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
FY 25 would include the $6000 retainage for the current staff with 3 years and the total implementation is hugely estimated sign on and retention plus the initial sign on bonus the retaininage would probably need a supplemental after the first payout of retention for those new hires in FY 29
Memorandum
Hard to estimate costs of hires and retainage costs for the future with new pay plan in place already
Person submitting Fiscal Note: Bryan D Arthur
Email Address: Bryan.D.Arthur@wv.gov