FISCAL NOTE
Date Requested: January 11, 2023
Time Requested: 10:17 PM |
| Agency: |
Labor, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1281 |
Introduced |
HB2468 |
|
|---|
| CBD Subject: |
|
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FUND(S):
General Revenue
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
HB 2468 will require an increase in general revenue appropriations for the Division of Labor to establish the prevailing wage rates and to enforce and administer the statutory provisions and legislative rule.
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 |
200,000 |
800,000 |
800,000 |
| Personal Services |
138,000 |
552,000 |
552,000 |
| Current Expenses |
6,000 |
24,000 |
24,000 |
| Repairs and Alterations |
2,000 |
8,000 |
8,000 |
| Assets |
0 |
0 |
0 |
| Other |
54,000 |
216,000 |
216,000 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
HB 2468 will require an increase in general revenue appropriations for the Division of Labor to establish the prevailing wage rates and to enforce and administer the statutory provisions and legislative rule.
Memorandum
HB 2468 will require an increase in general revenue appropriations for the Division of Labor to establish the prevailing wage rates and to enforce and administer the statutory provisions and legislative rule.
Person submitting Fiscal Note: Brooke Farber
Email Address: brooke.m.farber@wv.gov