FISCAL NOTE
Date Requested: March 08, 2021
Time Requested: 10:14 AM |
| Agency: |
Natural Resources, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2916 |
Introduced |
SB586 |
|
|---|
| CBD Subject: |
Natural Resources |
|---|
|
FUND(S):
3265
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.
This legislation provides for a 50% discount on all fees at state parks, for honorably discharged WV resident veterans.
In FY2019, the year before the pandemic, WV residents made up 63% of the total number of visitors to West Virginia’s State Parks.
According to the WV Department of Veterans Assistance, there are roughly 148,000 veterans in WV – which is approximately 12.5 percent of the population of WV.
In FY2019, West Virginia State Parks generated revenues totaling $23,585,927.90. Assuming 63% of the total revenues collected were WV residents, the amount would be 23,585,927.90 x .63 equals $14,859,134.58.
12.5% of the WV resident generated revenues of $14,859,134.58, attributed to West Virginian veterans equals $1,857,391.82. A 50% discount of revenues attributed to West Virginia veterans would be $928,695.91, based on the current occupancy.
However, a year-round 50% discount on all fees and charges in West Virginia State Parks to all West Virginia veterans would likely become so popular that it could even displace other park users. The popularity could grow so that all current park users are displaced.
West Virginia State Parks revenues FY2019 were $23,585,927.90. Assuming all WV resident visitors would be displaced by veterans with a discount of 50%, the amount would equal $11,792,963.95, which represents a potential loss of $11,792,963.95.
The actual annual loss would be between $928,695.91 and $11,792,963.95, depending on the popularity of the program.
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 |
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 |
-928,696 |
-11,792,964 |
Explanation of above estimates (including long-range effect):
This legislation provides for a 50% discount on all fees at state parks, for honorably discharged WV resident veterans.
In FY2019, the year before the pandemic, WV residents made up 63% of the total number of visitors to West Virginia’s State Parks.
According to the WV Department of Veterans Assistance, there are roughly 148,000 veterans in WV – which is approximately 12.5 percent of the population of WV.
In FY2019, West Virginia State Parks generated revenues totaling $23,585,927.90. Assuming 63% of the total revenues collected were WV residents, the amount would be 23,585,927.90 x .63 equals $14,859,134.58.
12.5% of the WV resident generated revenues of $14,859,134.58, attributed to West Virginian veterans equals $1,857,391.82. A 50% discount of revenues attributed to West Virginia veterans would be $928,695.91, based on the current occupancy.
However, a year-round 50% discount on all fees and charges in West Virginia State Parks to all West Virginia veterans would likely become so popular that it could even displace other park users. The popularity could grow so that all current park users are displaced.
West Virginia State Parks revenues FY2019 were $23,585,927.90. Assuming all WV resident visitors would be displaced by WV resident veterans with a discount of 50%, the amount would equal $11,792,963.95, which represents a potential loss of $11,792,963.95.
The actual annual loss would be between $928,695.91 and $11,792,963.95, depending on the popularity of the program.
Memorandum
For additional information concerning this fiscal note, please contact:
Mark Wylie
Mark.W.Wylie@wv.org
304-558-2764
Person submitting Fiscal Note: Amanda Morris
Email Address: amanda.l.morris@wv.gov