FISCAL NOTE
Date Requested: January 13, 2023
Time Requested: 04:17 PM |
| Agency: |
Veterans Assistance, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1468 |
Introduced |
SB173 |
|
|---|
| CBD Subject: |
Actions, Suits and Liens |
|---|
|
FUND(S):
General Revenue
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense, Increases Existing Expenses, Creates New Program
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 bill creates a new program which would increase costs of state government. No increases to revenue are anticipated.
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):
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.
A new appropriation would be required from the enactment of this legislation. Within West Virginia, Veterans over the age of 65 are the largest percentage of our Veteran population. At this time, it is estimated there are 47,669 veterans age 65 and older. The legislation proposes a $150.00 monthly payment to each of these eligible veterans, which could be as much as $7.1M per month. Additionally, the Department would incur costs of administering the program which would include additional staff time. Without additional information on the administration of the program, no further costs can be estimated at this time.
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.
Without additional information on the administration of the program, no further costs can be estimated at this time.
Person submitting Fiscal Note: Heather L Brunton
Email Address: heather.l.brunton@wv.gov