FISCAL NOTE
Date Requested: February 03, 2022
Time Requested: 01:42 PM |
| Agency: |
State Police, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2424 |
Introduced |
HB4538 |
|
|---|
| CBD Subject: |
State Personnel |
|---|
|
FUND(S):
General, Special, Other
Sources of Revenue:
General Fund Special 6501, Other 6505
Legislation creates:
Increases Existing Expenses
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 piece of legislation would provide for a onetime salary increase to State Police troopers of $20,000 which would equate to a fiscal impact of $15,134,820. See Memorandum section for additional considerations.
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 |
15,134,820 |
15,134,820 |
| Personal Services |
0 |
15,011,220 |
15,011,220 |
| Current Expenses |
0 |
123,600 |
123,600 |
| 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.
The calculation is based on 618 filled Trooper positions as of February 1, 2022. It is assumed that the salary increase would only be given to those employed as of July 1, 2022.
Each of these members would receive a onetime $20,000 salary increase to their current salary
Agency Retirement contributions for salary increases for FY2023, Plan B Retirement, is 20%
Medicare is calculated at 1.45%
PEIA Reserve Transfer is 1%
This $15,134,820 would become part of the budget of future fiscal years.
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.
If “onetime” is intended as a bonus rather than a true salary increase, then the fiscal note would be for a total of $12,539,220 since it would not be pensionable and PEIA Reserve Transfer would not be affected. This “bonus” increase would only be applicable to FY2023.
Person submitting Fiscal Note: Connie E Gundy, Comptroller
Email Address: connie.e.gundy@wvsp.gov