LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
February 27, 2001
TO: Honorable Jim Solis, Chair, House Committee on Economic
Development
FROM: John Keel, Director, Legislative Budget Board
IN RE: HB932 by Solis, Jim (Relating to requiring a report from
the comptroller about state and local economic
development activities and projects.), As Introduced
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* Estimated Two-year Net Impact to General Revenue Related Funds for *
* HB932, As Introduced: negative impact of $(1,726,000) through the *
* biennium ending August 31, 2003. *
* *
* The bill would make no appropriation but could provide the legal *
* basis for an appropriation of funds to implement the provisions of *
* the bill. *
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General Revenue-Related Funds, Five-Year Impact:
****************************************************
* Fiscal Year Probable Net Positive/(Negative) *
* Impact to General Revenue Related *
* Funds *
* 2002 $(863,000) *
* 2003 (863,000) *
* 2004 (863,000) *
* 2005 (863,000) *
* 2006 (863,000) *
****************************************************
All Funds, Five-Year Impact:
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*Fiscal Probable Savings/(Cost) from Change in Number of State *
* Year General Revenue Fund Employees from FY 2001 *
* 0001 *
* 2002 $(863,000) 8.0 *
* 2003 (863,000) 8.0 *
* 2004 (863,000) 8.0 *
* 2005 (863,000) 8.0 *
* 2006 (863,000) 8.0 *
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Fiscal Analysis
The bill would amend Chapter 403 of the Government Code to require the
Comptroller to provide a detailed report on state and local economic
development activities before each regular session of the legislature to
the legislature and the governor. The report would cover the six-year
period ending the last day of the biennium during which the report was
submitted.
Methodology
The Comptroller's office estimates they will need an additional eight
Economist FTEs split between the Revenue Estimating and Research
Divisions for a total of approximately $863,000 each fiscal year from
general revenue if the bill is implemented. According to the
Comptroller's office, the estimate is based on similar studies these
divisions have completed in the past and current studies the
Comptroller's office is working on. Included in the amounts estimated by
the Comptroller's office is approximately $500,000 each fiscal year for
consultant fees associated with information gathering for the study.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 480 Department of Economic Development, 320 Texas
Workforce Commission, 304 Comptroller of Public
Accounts
LBB Staff: JK, JO, JC, DB