FISCAL NOTE
Date Requested: February 04, 2022 Time Requested: 02:03 PM |
Agency: |
Fire Commission, WV |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2242 |
Introduced |
SB513 |
|
CBD Subject: |
Public Safety |
---|
|
FUND(S):
Special
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
It will have no impact on the General Revenue Funds of the State but it will have substantial positive impact on the new special revenue funds in support of and for Volunteer Fire Departments throughout the State as administered and defined in the proposed bill.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2022 Increase/Decrease (use"-") |
2023 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 |
10,000,000 |
10,000,000 |
Explanation of above estimates (including long-range effect):
With the proposed increase to full 1% to the insurance surcharge that is currently in place at a .55% rate, there will be a substantial positive increase to the revenue as assigned to the said new funds titled: Fire Service Equipment and Training Fund and the Fire Service Recruitment and Retention Fund. This increased funding will have nothing but a potential positive impact to addressing the needs of the Volunteer Fire Service in these categories with built in abilities to properly offer departments the opportunities to properly care for and operate their departments with properly maintained fire service equipment, trained personnel, and the ability to recruit and retain the needed staffing of volunteer fire departments in new and innovative ways. These funds will bring a needed vitality and strength potentially to these departments statewide.
Memorandum
This bill does not appear to have any vagueness and precisely addresses some long standing issues and needs pertaining to these departments throughout the State. This bill if passed will strongly have a positive impact to these said fire departments.
With the proposed increase to full 1% to the insurance surcharge that is currently in place at a .55% rate, there will be a substantial positive increase to the revenue as assigned to the said new funds titled: Fire Service Equipment and Training Fund and the Fire Service Recruitment and Retention Fund. This increased funding will have nothing but a potential positive impact to addressing the needs of the Volunteer Fire Service in these categories with built in abilities to properly offer departments the opportunities to properly care for and operate their departments with properly maintained fire service equipment, trained personnel, and the ability to recruit and retain the needed staffing of volunteer fire departments in new and innovative ways. These funds will bring a needed vitality and strength potentially to these departments statewide.
Person submitting Fiscal Note: Kenneth Earl Tyree Jr.
Email Address: kenneth.e.tyree@wv.gov