FISCAL NOTE

Date Requested: January 23, 2023
Time Requested: 04:20 PM
Agency: Treasurer's Office, WV
CBD Number: Version: Bill Number: Resolution Number:
1933 Introduced HB2764
CBD Subject: Constitutional Officers


FUND(S):

State Treasurer's Office--General Revenue

Sources of Revenue:

General Fund

Legislation creates:

Increases Existing Expenses



Fiscal Note Summary


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


The proposed legislation would increase the salary for the State Treasurer from $95,000 to $140,000. The increased cost is set out below, including the cost of additional benefits. The increased salary represents a $45,000 increase. Additionally, the State Treasurer's Office estimates an additional $16,650 in additional benefits, as well.



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 61,650
Personal Services 0 0 61,650
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):






Memorandum






    Person submitting Fiscal Note: James Fuerhoff
    Email Address: james.fuerhoff@wvsto.gov