TO: | Honorable Kent Grusendorf, Chair, House Committee on Public Education |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB348 by Dutton (Relating to participation in the Teacher Retirement System of Texas by employees of certain campus or campus program charter schools.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2004 | ($686,400) |
2005 | ($686,400) |
2006 | ($686,400) |
2007 | ($686,400) |
2008 | ($686,400) |
Fiscal Year | Probable Savings/(Cost) fromGENERAL REVENUE FUND 1 |
---|---|
2004 | ($686,400) |
2005 | ($686,400) |
2006 | ($686,400) |
2007 | ($686,400) |
2008 | ($686,400) |
The bill would provide Teacher Retirement System membership to employees of campus or program charters operating under contract with a school district. According to the Texas Education Agency, only the Houston Independent School District contracts with local charter schools.
Extending membership to this group of employees would entail additional cost to the state in the form of state retirement and retiree group insurance contributions.
According to Houston ISD staff, the school district contracts with 13 charter schools, which employ approximately 352 employees. Providing state retirement and retiree insurance contributions for these employees would result in estimated annual General Revenue costs of $686,400.
Source Agencies: | 323 Teacher Retirement System, 701 Central Education Agency
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LBB Staff: | JK, JO, CT, UP, RN
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