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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 28, 2023
TO:
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2649 by Allison (Relating to the retirement system in certain municipalities for firefighters and police officers.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Vernon's Texas Civil Statutes to make changes to the San Antonio Fire and Police Pension Fund. It is assumed any costs from the bill could be absorbed using existing resources.
Local Government Impact
According to the San Antonio Fire and Police Pension Fund, the bill would have an insignificant fiscal impact on the fund and no fiscal impact on the plan sponsor, the City of San Antonio.