FISCAL NOTE

Date Requested: February 08, 2023
Time Requested: 04:25 PM
Agency: Treasurer's Office, WV
CBD Number: Version: Bill Number: Resolution Number:
2553 Introduced HB2619
CBD Subject: Education (K12)


FUND(S):

1327

Sources of Revenue:

Special Fund

Legislation creates:

Increases Existing Expenses



Fiscal Note Summary


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


The proposed legislation would allow all existing non-public school students to be eligible to participate in the Hope Scholarship Program. According to the West Virginia Department of Education, a total of 33,981 students would become eligible for the program. The State Treasurer's Office estimates it would require the funding for ten additional positions to handle the significantly increased workload if the legislation were enacted. This fiscal note below is the estimated cost for ten additional positions under the Hope Scholarship Division of the Treasurer's Office. This estimate includes the cost of salaries, insurance, retirement, and other required benefits.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2023
Increase/Decrease
(use"-")
2024
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 844,318
Personal Services 0 0 844,318
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: James Fuerhoff
    Email Address: james.fuerhoff@wvsto.gov