FISCAL NOTE
Date Requested: March 09, 2022
Time Requested: 11:25 AM |
| Agency: |
Department of Economic Development |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1907 |
Amendment |
HB4001 |
|
|---|
| CBD Subject: |
Legislature |
|---|
|
FUND(S):
General Revenue
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Adds 3 FTE to perform the work outlined in the Bill.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2022
Increase/Decrease
(use"-") |
2023
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
243,000 |
232,500 |
| Personal Services |
0 |
202,500 |
202,500 |
| Current Expenses |
0 |
40,500 |
30,000 |
| 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):
Adds three FTE at an average of $50,000 plus benefits of $17,500. Current expenses would include travel, supplies and fees of $30,000 ($10,000 per employee) ongoing and one-time computer and phone equipment costs of $10,500 ($3,500 per employee).
Memorandum
Person submitting Fiscal Note: Steve Meester
Email Address: Steve.Meester@wv.gov