LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 30, 1997 TO: Honorable Bill Ratliff, Chair IN RE: Senate Bill No. 1873 Committee on Finance By: Bivins Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1873 ( Relating to public school finance, including the abolition of the foundation school fund budget committee.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1873-As Introduced No significant fiscal implication to the State is anticipated. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would abolish the Foundation School Fund Budget Committee. Many of the resonsibilities related to funding elements would be reassigned to the Legislative Budget Board. The bill also would remove authorization to count optional extended year attendance in the count of total attendance for school districts. The bill would make recognition of property value declines specifically subject to appropriation and authorize the use of estimated data in the appropriations act for cash flow purposes. School districts would be required to report by September 1 of each year the tax rates and student counts expected for the coming school year to the Legislative Budget Board. While this is an additional reporting requirement, the volume of data and effort required should be insignificant. Source: Agencies: 701 Texas Education Agency - Administration LBB Staff: JK ,RR ,DD