FISCAL NOTE

Date Requested: February 17, 2025
Time Requested: 08:54 AM
Agency: Administration, WV Department of
CBD Number: Version: Bill Number: Resolution Number:
1648 Introduced SB426
CBD Subject: Insurance; State Personnel


FUND(S):

General Fund, Special Fund

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Expense, Creates New Program, Creates New Fund:



Fiscal Note Summary


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


The Department of Administration's agencies and Office of the Cabinet Secretary do not have access to the information required to produce the requested fiscal note.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2025
Increase/Decrease
(use"-")
2026
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 0


Explanation of above estimates (including long-range effect):


The Department of Administration's agencies and Office of the Cabinet Secretary do not have access to the information required to produce the requested fiscal note. The Division of Personnel offers some information below and believes that additional information that would be needed to estimate costs would include, but is not limited to: 1) Number of employees and salaries - 49 permanent employees with salaries totaling $2,800,375.69 (this includes annual increment; $2,771,215.69 salaries only) & 3 temporary employees with salaries totaling $83,200 2) Cost of benefits for existing staff - Generally equivalent to 30% of salary. 3) Cost of annual and sick leave payout. 4) Cost of retraining for staff laid off (bill authorizes up to $3,000,000).



Memorandum






    Person submitting Fiscal Note: Misty Peal
    Email Address: misty.peal@wv.gov