LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 16, 2001 TO: Honorable David Sibley, Chair, Senate Committee on Business & Commerce FROM: John Keel, Director, Legislative Budget Board IN RE: SB275 by Shapleigh (Relating to requiring a report from the comptroller about state and local economic development activities and projects.), As Introduced ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * SB275, 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. * ************************************************************************** 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: ***************************************************** * Fiscal Year Probable Savings/(Cost) from * * General Revenue Fund * * 0001 * * 2002 $(863,000) * * 2003 (863,000) * * 2004 (863,000) * * 2005 (863,000) * * 2006 (863,000) * ***************************************************** 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: 304 Comptroller of Public Accounts LBB Staff: JK, JO, JC