FISCAL NOTE
Date Requested: February 17, 2026
Time Requested: 02:51 PM |
| Agency: |
State Budget Office, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 4218 |
Introduced |
HB5646 |
|
|---|
| CBD Subject: |
Counties; Legislature |
|---|
|
FUND(S):
Revenue Shortfall Reserve Fund
Sources of Revenue:
General Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 5646 authorizes a one-time allocation in the amount of $1,000,000 to the West Virginia Flood Resiliency Trust Fund. The intent of this bill appears to be a one-time allocation from the Revenue Shortfall Reserve Fund established in code section 11B-2-20 to provide funding for two years of Disaster Care Management and direct assistance for recovery costs for the 2024-2025 disaster events. The Revenue Shortfall Reserve Fund Part A and Part B each retain their own interest earnings, and as a result, transfers from those funds do not directly affect the State’s revenues but would lower their interest earnings. Transfers from this fund make it more likely that surplus dollars at the end of any fiscal year must be used to replenish their balance, in turn making “back of budget” items less likely to be funded.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| 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 |
-1,000,000 |
Explanation of above estimates (including long-range effect):
House Bill 5646 authorizes a one-time allocation in the amount of $1,000,000 to the West Virginia Flood Resiliency Trust Fund. The intent of this bill appears to be a one-time allocation from the Revenue Shortfall Reserve Fund established in code section 11B-2-20 to provide funding for two years of Disaster Care Management and direct assistance for recovery costs for the 2024-2025 disaster events. The Revenue Shortfall Reserve Fund Part A and Part B each retain their own interest earnings, and as a result, transfers from those funds do not directly affect the State’s revenues but would lower their interest earnings. Transfers from this fund make it more likely that surplus dollars at the end of any fiscal year must be used to replenish their balance, in turn making “back of budget” items less likely to be funded.
Memorandum
Person submitting Fiscal Note: Misty Reese
Email Address: misty.reese@wv.gov