FISCAL NOTE

Date Requested: March 14, 2017
Time Requested: 01:18 PM
Agency: Community & Technical College System, WV
CBD Number: Version: Bill Number: Resolution Number:
3224 Introduced HB3031
CBD Subject: Education (K12)


FUND(S):

0589

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


House Bill 3031, if enacted, would allow high school students to enter into early specialized training to prepare them for careers while attending high school. It would also permit the State Board of Education to create agreements with colleges and community and technical schools to allow high school students to complete a one-year or two-year program while in high school. In addition, it would give the state board discretion to implement and fund this program. A student participating in the program would be entitled to the benefits of the Promise Scholarship Foundation This legislation would make all high school students eligible for this program. Any limitations that would be imposed on the program by the Department of Education are not provided in the bill. The five-year trend of annual high school graduates is 18,291. A new four-year cohort of about 73,000 potential Promise recipients would be created. If the students in this cohort attend college at the current 54.7%, the estimated college enrollees would be 40,000. It is assumed that these students would enroll for half of the full time credit load. It is estimated that the annual tuition and fee charges per student would be about $1,907. The $1,907 annual tuition charges per student multiplied by the estimated 40,000 students would cost the Promise Scholarship program about $76.3 million. The Promise fund is currently fully utilizing the $47 million annual appropriations; therefore the $76 million estimate would require the allocation of new dollars. This estimate may vary considerably from actual experience depending upon the number of students enrolled in the program and any limitation placed on the Promise awards.



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 76,300,000 76,300,000
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):






Memorandum






    Person submitting Fiscal Note: Ed Magee
    Email Address: edward.magee@wvhepc.edu