FISCAL NOTE
Date Requested: February 23, 2026
Time Requested: 10:00 AM |
| Agency: |
Public Employees Insurance Agency (PEIA) |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1404 |
Comm. Sub. |
SB67 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
PEIA Basic Insurance
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to allow authorization and funding of alternative high-risk population public charter schools; provide eligibility requirements to be an alternative high-risk population public charter school; specify which students are included as "high risk"; require West Virginia Board of Education rule setting forth requirements for alternative high-risk population charter school funding; allow an institution of higher education to apply to an authorized to establish virtual or on-campus public charter microschools; allow any public charter school to partner with learning pods and microschools to provide instruction to those learning pods and microschools; and make other changes to the public charter school law.
PEIA currently receives state school aid funding for public charter schools regardless of their participation in PEIA. PEIA doesn’t use this funding until it is directed to by the WV Department of Education as part of premium payments to PEIA for boards of education or public charter schools. This bill will remove any portion of this funding representing a non-participating PEIA public charter school. Based on a 3% interest rate, PEIA estimates it would lose $128,000 in interest revenue per year.
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 |
-128,000 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Jason Haught
Email Address: jason.a.haught@wv.gov