FISCAL NOTE
Date Requested: March 02, 2021 Time Requested: 11:37 AM |
Agency: |
Commerce, WV Dept of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1300 |
Introduced |
HB2848 |
|
CBD Subject: |
Labor |
---|
|
FUND(S):
General Fund
Sources of Revenue:
General Fund
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This would require an increase in General Revenue for the Division of Labor to establish the rates and enforce the statute and rule.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2021 Increase/Decrease (use"-") |
2022 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
800,000 |
800,000 |
Personal Services |
0 |
552,000 |
552,000 |
Current Expenses |
0 |
24,000 |
24,000 |
Repairs and Alterations |
0 |
8,000 |
8,000 |
Assets |
0 |
0 |
0 |
Other |
0 |
54,000 |
54,000 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
This would require an increase in General Revenue for the Division of Labor to establish the rates and enforce the statute and rule.
The estimates are based on how much the Division's General Revenue was decreased after the repealing of the prevailing wage statute in 2016.
Memorandum
This would require an increase in General Revenue for the Division of Labor to establish the rates and enforce the statute and rule.
Person submitting Fiscal Note: Mitchell E Woodrum, Commissioner
Email Address: Mitchell.E.Woodrum@wv.gov