FISCAL NOTE
Date Requested: March 09, 2021
Time Requested: 10:36 AM |
| Agency: |
Workforce WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2319 |
Introduced |
HB2924 |
|
|---|
| CBD Subject: |
Unemployment Compensation |
|---|
|
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.
The cost to run the Short Time Compensation Program will come completely from existing federal grants.
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 |
280,000 |
280,000 |
| Personal Services |
0 |
270,000 |
0 |
| Current Expenses |
0 |
70,000 |
70,000 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
3,000 |
3,000 |
| 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.
Workforce would hire additional employees for the Short Time Compensation Program so, there would be an increase in personal services. These expenses would be paid completely from existing federal grants.
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