FISCAL NOTE
Date Requested: February 10, 2021
Time Requested: 04:05 PM |
| Agency: |
Motor Vehicles, WV Division of |
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| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1327 |
Introduced |
HB2032 |
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|---|
| CBD Subject: |
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FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue, Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to authorize the Division of Motor Vehicles to issue custom license plates bearing the logo of a business that registers a fleet of 25 or more vehicles.
The bill establishes the criteria for each business who would like to have a custom license plate must submit applications for at least twenty-five (25) registration plates. This fiscal note assumes one business will submit the minimum twenty-five (25) applications.
The Division estimates it will cost $5,750 (50 hrs. x $115/hr.) for programming the cash register, and $3,600 (40 hrs. x $90/hr.) for mainframe programming. Registration plates of this nature cost approximately $7 per plate. Based upon one company submitting the minimum required applications, total cost of registration plates would be $175 (25 x $7). Total Current expense would be $9,525 ($3,600 + $5,750 + $175).
The Division will need one additional employee to manage the program. The market rate salary for a CSR position is $35,371 per year. Benefits will be approximately 50% of salary which is $17,686 ($35,371 X 50%). Total personal services of $53,057 ($35,371+$17,686).
The Bill establishes a one-time fee of $75 per plate for a total initial application fee of $1,875 ($75 x 25). The bill also establishes an annual fee of $25 per plate for a total annual fee of $625 ($25 x 25). Total revenue generated first year would be $2,500 ($1,875 + $625).
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 |
62,582 |
53,057 |
| Personal Services |
0 |
53,057 |
53,057 |
| Current Expenses |
0 |
9,525 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
2,500 |
625 |
Explanation of above estimates (including long-range effect):
Personnel Services
$35,371 Salary
$17,686 Benefits
$53,057 Total Personnel Services
Programming Cost
$3,600 Mainframe, per applicant
$5,750 Cash Register, per applicant
$175 New Registration Plate, per applicant
$9,525 Total Cost
Revenue
$1,875 One-time fee
$625 Annual fee
$2,500 Total First Year Revenue, per applicant
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov