FISCAL NOTE
Date Requested: February 10, 2017 Time Requested: 03:11 PM |
Agency: |
Budget Office, WV State |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1316 |
Introduced |
HB2174 |
|
CBD Subject: |
Salaries |
---|
|
FUND(S):
All funding sources
Sources of Revenue:
General Fund,Special Fund,Other Fund all other funds
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
HB2174 authorizes a $1,000 cost-of-living raise to all state employees, PERS annuitants, TRS annuitants, teachers and school personnel other than teachers.
Estimated costs:
State Employees $44,267,000
Teachers 27,050,000
Service Pers 16,620,000
Total costs $87,937,000
Please note for this fiscal note: The State Budget Office does not have the data to compute costs associated with PERS & TRS in this bill. The Retirement Board would have to calculate those costs.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2017 Increase/Decrease (use"-") |
2018 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
87,937,000 |
87,937,000 |
Personal Services |
0 |
87,937,000 |
87,937,000 |
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):
Estimated costs for state employees:
General Fund $61,470,000
Lottery Fund 250,000
Road Fund 6,300,000
Federal Funds 4,800,000
All Other Funds 15,117,000
Total St. Employ $87,937,000
Please note for this fiscal note: The State Budget Office does not have the data to compute costs associated with PERS & TRS in this bill. The Retirement Board would have to calculate those costs.
Memorandum
Please note for this fiscal note: The State Budget Office does not have the data to compute costs associated with PERS & TRS in this bill. The Retirement Board would have to calculate those costs.
Person submitting Fiscal Note: Mike McKown
Email Address: mike.p.mckown@wv.gov