FISCAL NOTE
Date Requested: January 20, 2023 Time Requested: 03:21 PM |
Agency: |
Homeland Security, Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1134 |
Introduced |
HB2879 |
|
CBD Subject: |
|
---|
|
FUND(S):
General and Special
Sources of Revenue:
Other Fund Would affect both Special And General
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Retention bonuses for staff having 3 years or more time with DCR.
$12,900,000
Sign On Bonus for hires after 7/1/23
$1,485,000
Projected need for retention for FY 27
$1,116,000
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 |
11,106,000 |
11,841,000 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The above calculations are only the affect on General Revenue. Below are the calculations for both the General and Special Revenue projected impact.
If no one leaves that has 3 years or more time between now and July 1, 2023 it will have on DCR and the state.
As of July 1, 2023 we anticipate there will be 2,150 individuals that would qualify for that initial $6,000
General Rev - 1688 x $6,000 = $10,128,000 - FY 24 impact on State
Special Rev - 462 X $6,000 = $ 2,772,000 - Fy 24 impact on DCR Special Revenue
Grand Total = $12,900,000
Based on current hiring process we can assume that there will be approximately 495 hires in Fy24
General Revenue - 326 x $3,000 = $978,000 - Anticipated FY 24 Gen Rev impact
Special Revenue - 169 x $3,000 = $507,000 - Fy 24 impact on Spec Rev
Grand Total = $1,485,000
If we estimate 75% are retained for 3 years it will impact FY 27 accordingly
Gen Rev - 245 x $3,000 = $735,000
Spec Rev - 127 x $3,000 = $381,000
Grand Total = $1,116,000 - FY 27
Memorandum
Please note that the increase of Special Revenue will affect the calculation of the perdiem for all parties. (State, Counties, Cities etc.)
These calculations are based on current projected calculations and could vary with due to the data having to be projected out.
* Fiscal Note Detail - Breakdown by fiscal year only shows General Revenue totals. The full impact on General and Special are in the explanation of above estimates.
Person submitting Fiscal Note: Bryan D Arthur
Email Address: Bryan.D.Arthur@wv.gov