FISCAL NOTE
Date Requested: February 20, 2019 Time Requested: 09:24 AM |
Agency: |
Education, WV Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2815 |
Introduced |
HB2730 |
|
CBD Subject: |
Governor -- Bills Requested By |
---|
|
FUND(S):
0317
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The total estimated cumulative cost to the State under the Public School Support Program (PSSP) for the equivalent of an average 5% across the board increase in the basic teacher salary schedule and the basic service personnel salary schedule is $67,740,948.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2019 Increase/Decrease (use"-") |
2020 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
67,740,948 |
67,740,948 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
67,740,948 |
67,740,948 |
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):
The estimated cost to the State under the Public School Support Plan (PSSP) for the equivalent of a 5% average across the board increase in the basic teacher salary schedule ($2,120 per professional) and the basic service personnel salary schedule ($1,150 per service person) is $67,740,948 for 2019-20 and thereafter.
This cost estimate includes the estimated increases in Step 1 for professional educator salaries ($41,282,935), Step 2 for service personnel salaries ($13,671,708), Step 3 for fixed charges ($4,832,150), Step 5 for professional student support salaries ($1,827,376), Step 6 for substitute costs ($1,419,550), and retirement ($4,707,229).
The total portion of the overall additional cost attributable to professional educators is $49,250,541, the portion attributable to professional student support personnel is $2,180,059, and the portion attributable to service personnel is $16,310,348.
Note that county boards of education will incur additional costs for personnel employed in excess of funded, personnel employed in positions not eligible for state aid funding, personnel employed using other funding sources such as state or federal grants, and extended employment terms for professional personnel. Such county level costs are not included in the above estimates.
The West Virginia Consolidated Public Retirement Board (CPRB) should also be consulted to obtain the additional cost to the State due to the impact of the proposed salary increases on the unfunded retirement liability for the Teachers' Retirement System (TRS).
This cost estimate does not assume the passage of other legislation. If other changes are made to the PSSP, it could result in an increased cost for the pay increases.
Memorandum
Person submitting Fiscal Note: Brenda Freed
Email Address: bfreed@k12.wv.us