West Virginia Senate Bill SB1002

West Virginia 2023 1st Special Session

• Introduced: 8/6/23
• Report Pass: 8/7/23
• Engrossed: 8/7/23
• Refer: 8/8/23

Caption

Supplementing and amending appropriations from General Revenue to Department of Revenue, Office of Secretary

Impact

The implications of SB1002 on state laws are primarily financial, as it facilitates the allocation of state funds that are crucial for revenue operations. By supplementing the budget, this bill is expected to enhance the Department’s capacity to respond to financial needs and potential shortfalls. This action may lead to broader fiscal stability for the state by ensuring that necessary government services are funded and operational, thereby alleviating potential disruptions in state revenue collection and management.

Summary

Senate Bill 1002 aims to supplement and amend the appropriations from the General Revenue to the Department of Revenue, specifically the Office of the Secretary. This bill proposes the addition of a new item of appropriation, enabling the transfer of funds to address revenue shortfalls and ensuring the Department has sufficient resources to operate effectively in the upcoming fiscal year 2024. The legislation reflects the state's commitment to maintaining financial stability and supporting essential government functions during a potentially challenging fiscal period.

Sentiment

The sentiment surrounding SB1002 is largely positive among lawmakers, as the bill received unanimous support during the voting process with 32 yeas and no nays. This overwhelming approval suggests a general consensus on the importance of the legislation in safeguarding the state's financial framework. Supporters argue that it represents prudent financial management, especially in light of any anticipated revenue challenges.

Contention

Although the bill proceeded without significant contention during the voting phase, discussions around state budgeting can often evoke concerns regarding transparency, the allocation of resources, and potential impacts on various funding priorities. Stakeholders may express differing opinions on how funds should be appropriated, and while this particular bill did not face substantial opposition, ongoing dialogues about fiscal responsibilities and priorities remain pertinent in broader budget discussions.