LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              March 26, 1999
  
  
          TO:  Honorable Florence Shapiro, Chair, Senate Committee on
               State Affairs
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB693  by Cain (relating to public notice of and public
               hearings on proposed ad valorem tax rates), Committee
               Report 1st House, as amended
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would amend Chapters 25 and 26 of the Tax Code to require a
taxing unit that proposes to exceed its effective tax rate to publish
notices and hold a public hearing on the tax increase.  Current law
requires a taxing unit to hold a public hearing and to publish newspaper
notices before adopting a tax rate that would result in any increase in
total revenue from the preceding year.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   
LBB Staff:         JK, SD, BR