LEGISLATIVE BUDGET BOARD
Austin, Texas
 
ACTUARIAL IMPACT STATEMENT
 
78TH LEGISLATURE 4TH CALLED SESSION - 2004
 
May 1, 2004

TO:
Honorable Kent Grusendorf, Chair, House Committee on Public School Finance, Select
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HJR1 by Grusendorf (Proposing a constitutional amendment providing for funding public education, providing for school district property tax rate limitation and reduction, authorizing a school district ad valorem tax for educational program enrichment, creating the Texas education fund, dedicating certain sales and use tax revenue to funding public education, authorizing the legislature to establish a five percent limit on annual increases in the appraised value for ad valorem tax purposes of residence homesteads and other owner-occupied residential real property, and authorizing the state to operate video lottery games at racetracks and on Indian lands.), Committee Report 1st House, Substituted

The resolution does not have an actuarial impact since it does not propose to affect the funding or obligations of a public retirement system.


Source Agencies:
LBB Staff:
JK, WM