FISCAL NOTE
Date Requested: January 10, 2020
Time Requested: 03:32 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1379 |
Introduced |
HB4031 |
|
|---|
| CBD Subject: |
Constitutional Officers |
|---|
|
FUND(S):
State Funds - General Revenue
Sources of Revenue:
General Fund
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed House Bill 4031 is to increase the salaries of the Secretary of State, Auditor, State Treasurer and Attorney General to $125,000 per year.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2020
Increase/Decrease
(use"-") |
2021
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
78,600 |
157,200 |
| Personal Services |
0 |
78,600 |
157,200 |
| 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):
We believe the enactment of the proposed legislation would result in an annual cost upon implementation of approximately $157,200 consisting of $120,000 in cumulative salary increases to the named Constitutional Officers and additional costs of $37,200 for related employee fringe benefits. However, since the provisions could not be effective until the commencement of next Term of Office for each of the affected Constitutional Officers, the provisions of the Bill would only be in effect for the last six months of Fiscal Year 2021 resulting in costs totaling $78,600 during Fiscal Year 2021.
Memorandum
We have no additional comments with regard to the proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov