FISCAL NOTE
Date Requested: February 06, 2023
Time Requested: 11:44 AM |
| Agency: |
Education, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2308 |
Introduced |
HB3269 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
0317
Sources of Revenue:
General Fund N/A
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This legislation, in its current form, will have a fiscal impact on the WVDE for the creation of standards and a standalone course in personal finance at a one-time cost of $9,800.
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 |
9,800 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| 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):
Implementation of this proposed legislation will require the WVDE to incur a one-time cost for the creation of standards for a standalone course in in personal finance.
Memorandum
W. Va. Code ยง 18-2-7c already provides a requirement that personal finance to be integrated into the curriculum of an appropriate existing course for students in secondary schools. Currently, one-third of the required 12th grade Civics course includes personal finance instruction. This will require changes to graduation requirements in the counties and may limit the elective opportunities.
Person submitting Fiscal Note: Sonya J. White
Email Address: snjwhite@k12.wv.us