FISCAL NOTE

Date Requested: January 12, 2018
Time Requested: 12:30 PM
Agency: Motor Vehicles, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
1041 Introduced SB260
CBD Subject: Finance and Administration, Motor Vehicles


FUND(S):

Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

Increases Existing Expenses



Fiscal Note Summary


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


The purpose of this bill is to require that all state vehicles are registered with the DMV, are registered annually, and always display currently registered plates. The DMV shows 10,500 vehicles titled to state agencies. Implementation of this bill will consist of title and registration cards at $1,842, license plates at $70,350, processing (labor) costs of $52,500, and postage of $26,880, for a total of $155,172. It is estimated that each year 80% of the vehicles will be renewed at an annual cost of $47,596 and 20% will be replaced at a cost of $30,314 for a total annual cost of $77,910.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2018
Increase/Decrease
(use"-")
2019
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 155,172 77,910 77,910
Personal Services 52,500 52,500 52,500
Current Expenses 102,672 25,410 25,410
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):


Year of Implementation Costs Programming Cost $3,600.00 Per Transaction Cost Units* Title $0.15890 10,500 $1,668.45 Front Plate $3.35000 10,500 $35,175.00 Rear Plate $3.35000 10,500 $35,175.00 Registration Card $0.01655 10,500 $175.78 Labor $5.00000 10,500 $52,500.00 Postage $2.56000 10,500 $26,880.00 Sub Total $14.43545 $151,572.23 Total $155,172.23 Cost Per Year After Implementation Annual Vehicle Renewal Units** Decal $0.14000 8,400 $1,176.00 Registration Card $0.12615 8,400 $1,059.66 Labor $5.00000 8,400 $42,000.00 Postage $0.40000 8,400 $3,360.00 Vehicle Replacement Title $0.15890 2,100 $333.69 Front Plate $3.35000 2,100 $7,035.00 Rear Plate $3.35000 2,100 $7,035.00 Registration Card $0.01655 2,100 $34.76 Labor $5.00000 2,100 $10,500.00 Postage $2.56000 2,100 $5,376.00 Total $77,910.11



Memorandum






    Person submitting Fiscal Note: Raeann Kriner
    Email Address: raeann.k.kriner@wv.gov