LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
February 22, 1995
TO: Honorable Rob Junell, Chair IN RE: Senate Bill No. 8,
Committee on Appropriations as engrossed
House of Representatives By: Montford
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
8 (Relating to the distribution of certain state funds
appropriated for education and certain statewide retirement
systems.) this office has determined the following:
Under current law, certain payments that normally would have been
made in fiscal 1995 will be deferred into fiscal 1996. The bill
would repeal the delay of the following payments:
- one month of Foundation School Program payments to school
districts;
- 5/48th of the fiscal 1995 appropriation to institutions of
higher education and public junior colleges;
- the June, July and August 1995 payments to the Employee
Retirement System;
- the June, July and August 1995 payments to the Teacher
Retirement System;
The probable fiscal implication of implementing the
provisions of the bill during each of the first five years
following passage is estimated as follows:
Fiscal Probable Probable Probable
Year Cost/(Savings) Cost/(Savings) Cost/(Savings)
from General from General from Other Funds
Revenue Fund 001 Revenue
Consolidated
Accounts
1995 $765,916,000 $6,111,000 $23,788,000
1996 (768,194,000) (6,111,000) (23,788,000)
1997 0 0 0
1998 0 0 0
1999 0 0 0
2000 0 0 0
Fiscal Probable Revenue
Year Gain/(Loss) to
School Districts
1995 $248,940,000
1996 (248,940,000)
1997 0
1998 0
1999 0
2000 0
Source: Comptroller of Public Accounts;
LBB Staff: JK, RS, DF