Honorable Terry Canales, Chair, House Committee on Transportation
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4483 by Lozano (relating to a study by the Texas A&M Transportation Institute regarding the economic impact of navigation districts on the state and local economies.), Committee Report 1st House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for HB4483, Committee Report 1st House, Substituted : a negative impact of ($536,500) through the biennium ending August 31, 2025.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2024
($405,200)
2025
($131,300)
2026
$0
2027
$0
2028
$0
All Funds, Five-Year Impact:
Fiscal Year
Probable Savings/(Cost) from General Revenue Fund 1
2024
($405,200)
2025
($131,300)
2026
$0
2027
$0
2028
$0
Fiscal Analysis
The bill would require the Texas A&M Transportation Institute (TTI) to conduct a study to examine the economic impact and potential for economic growth of navigation districts in the state.
Methodology
TTI researchers are compensated on an hourly basis for work performed. TTI estimates that compensating researchers to conduct the study and write the report required by the bill, would cost $400,000 in fiscal year 2024 and $125,000 in fiscal year 2025. TTI estimates travel costs associated with conducting the study at $1,200 in fiscal year 2024 and $800 in fiscal year 2025, as well as associated other expenses at $4,000 in fiscal year 2024 and $5,500 in fiscal year 2025.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.