Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SJR57 by Huffman (Proposing a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system.), As Engrossed
No fiscal implication to the State is anticipated, other than the cost of publication.
The cost to the state for publication of the resolution is $191,689.
The resolution would propose a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system. According to the Comptroller of Public Accounts, there are no current or future state obligations to fund a local retirement system, and therefore the resolution would have no fiscal implications to the state.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 327 Employees Retirement System