FISCAL NOTE
Date Requested: January 12, 2018 Time Requested: 12:30 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1041 |
Introduced |
SB260 |
|
CBD Subject: |
Finance and Administration, Motor Vehicles |
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|
FUND(S):
Road Fund
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.
The purpose of this bill is to require that all state vehicles are registered with the DMV, are registered annually, and always display currently registered plates.
The DMV shows 10,500 vehicles titled to state agencies. Implementation of this bill will consist of title and registration cards at $1,842, license plates at $70,350, processing (labor) costs of $52,500, and postage of $26,880, for a total of $155,172.
It is estimated that each year 80% of the vehicles will be renewed at an annual cost of $47,596 and 20% will be replaced at a cost of $30,314 for a total annual cost of $77,910.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2018 Increase/Decrease (use"-") |
2019 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
155,172 |
77,910 |
77,910 |
Personal Services |
52,500 |
52,500 |
52,500 |
Current Expenses |
102,672 |
25,410 |
25,410 |
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):
Year of Implementation Costs
Programming Cost $3,600.00
Per Transaction Cost
Units*
Title $0.15890 10,500 $1,668.45
Front Plate $3.35000 10,500 $35,175.00
Rear Plate $3.35000 10,500 $35,175.00
Registration Card $0.01655 10,500 $175.78
Labor $5.00000 10,500 $52,500.00
Postage $2.56000 10,500 $26,880.00
Sub Total $14.43545 $151,572.23
Total $155,172.23
Cost Per Year After Implementation
Annual Vehicle Renewal
Units**
Decal $0.14000 8,400 $1,176.00
Registration Card $0.12615 8,400 $1,059.66
Labor $5.00000 8,400 $42,000.00
Postage $0.40000 8,400 $3,360.00
Vehicle Replacement
Title $0.15890 2,100 $333.69
Front Plate $3.35000 2,100 $7,035.00
Rear Plate $3.35000 2,100 $7,035.00
Registration Card $0.01655 2,100 $34.76
Labor $5.00000 2,100 $10,500.00
Postage $2.56000 2,100 $5,376.00
Total $77,910.11
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov