FISCAL NOTE
Date Requested: February 01, 2018
Time Requested: 01:53 PM |
| Agency: |
Labor, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2211 |
Introduced |
HB4401 |
|
|---|
| CBD Subject: |
Labor |
|---|
|
FUND(S):
Weights & Measures Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The Division anticipates the loss of $1,509,300 in special revenue by eliminating the annual weights & measures device registration fees.
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 |
754,650 |
1,509,300 |
1,509,300 |
| Personal Services |
424,965 |
849,930 |
849,930 |
| Current Expenses |
227,000 |
454,000 |
454,000 |
| Repairs and Alterations |
28,000 |
56,000 |
56,000 |
| Assets |
0 |
0 |
0 |
| Other |
74,685 |
149,370 |
149,370 |
| 2. Estimated Total Revenues |
703,465 |
1,509,300 |
1,509,300 |
Explanation of above estimates (including long-range effect):
The Division anticipates the loss of $1,509,300 in special revenue by eliminating the annual weights & measures device registration fees.
Memorandum
The Division anticipates the loss of $1,509,300 in special revenue by eliminating the annual weights & measures device registration fees.
Person submitting Fiscal Note: Mitchell E. Woodrum
Email Address: Mitch.E.Woodrum@wv.gov