FISCAL NOTE

Date Requested: January 18, 2023
Time Requested: 12:43 PM
Agency: Workforce WV
CBD Number: Version: Bill Number: Resolution Number:
2269 Introduced HB2588
CBD Subject: Unemployment Compensation


FUND(S):

Federal Revenue

Sources of Revenue:

Other Fund Federal Revenue

Legislation creates:

Increases Existing Expenses



Fiscal Note Summary


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


There will be additional costs for programming existing software to capture and/or calculate the indexing rate. The programming is expected to cost $5,000. This bill will generate no additional revenue and will be fully funded by existing federal grants.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2023
Increase/Decrease
(use"-")
2024
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 0 0


Explanation of above estimates (including long-range effect):


WorkForce West Virginia is federally funded, so there will be no additional cost to State government.



Memorandum


N/A



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