FISCAL NOTE

Date Requested: January 14, 2023
Time Requested: 02:45 PM
Agency: Public Service Commission
CBD Number: Version: Bill Number: Resolution Number:
2162 Introduced HB2159
CBD Subject: Public Service Commission


FUND(S):

8623 Public Service Commission Fund (Utilities)

Sources of Revenue:

Special Fund

Legislation creates:

Increases Existing Expenses



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government. The Public Service Commission anticipates the need to hire an additional utilities analyst. The cost to hire one analyst is estimated to be $67,500 for salary and benefits.



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 0 0 0
Personal Services 0 67,500 67,500
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):


Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years. The Public Service Commission anticipates the need to hire an additional utilities analyst. The cost to hire one analyst is estimated to be $67,500. Salary of $50,000 and $17,500 (35% of salary) for fringe benefits.



Memorandum


Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.



    Person submitting Fiscal Note: Sandy Mitchell
    Email Address: smitchell@psc.state.wv.us