FISCAL NOTE

Date Requested: March 04, 2021
Time Requested: 02:19 PM
Agency: Workforce WV
CBD Number: Version: Bill Number: Resolution Number:
2991 Introduced SB421
CBD Subject: Labor


FUND(S):

Federal Revenue (Nonappropriated)

Sources of Revenue:

Other Fund Federal Revenue

Legislation creates:

Creates New Expense



Fiscal Note Summary


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


Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government. This Senate Bill will increase personal service expenses.



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 3,800,000 3,800,000
Personal Services 0 3,800,000 3,800,000
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):


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. Senate Bill is creating 100 new exempt positions for WorkForce WV, this would increase personal services. Existing federal grants would be the source of revenue for the new personal expenses.



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. N/A



    Person submitting Fiscal Note: Jane Shinn
    Email Address: jane.shinn@wv.gov