LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session April 6, 1999 TO: Honorable David Counts, Chair, House Committee on Natural Resources FROM: John Keel, Director, Legislative Budget Board IN RE: HB 2045 by Brimer (Relating to financing capital improvements and facility expansions through the assessment of impact fees.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact The bill's provision requiring a political subdivision to consider the amount of revenue received by the political subdivision from sources generated by new development, including sales taxes, property taxes, development fees and building fees in the calculation of an impact fee could result in a reduction in impact fee revenue to political subdivisions. The amount of the reduction would depend on the amount of tax and fee revenue that would be discounted for each development to which impact fees would be assessed. Source Agencies: LBB Staff: JK, DE, TL