LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATURE 3rd CALLED SESSION - 2006

May 12, 2006

TO:	Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HJR26 by Berman (Proposing a constitutional amendment providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for public school purposes on the residence homesteads of the elderly or disabled to reflect any change in the rate of those taxes.), As Engrossed

No fiscal implication to the State is anticipated, other than the cost of publication.

The cost to the state for publication of the resolution is $99,767.

The proposed amendment alone would have no fiscal impact on the state or units of local government. The enabling legislation associated with this proposed constitutional amendment is in House Bill 72, Acts of the 79th Legislature, 3rd Called Session, 2006.

 

The change in the Texas Constitution would take effect January 1, 2007, subject to adoption of the proposed amendment at the November 7, 2006 general election, but only if House Bill 1, Acts of the 79th Legislature, 3rd Called Session, 2006, is enacted and becomes law.  If H.B. 1 does not become law, this proposed constitutional amendment may not be submitted to the voters.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

JOB, SD, SJS