TO: | Honorable Helen Giddings, Chair, House Committee on Business & Industry |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB2824 by Corte (Relating to the regulation of certain dry cleaning facilities.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2006 | $0 |
2007 | $0 |
2008 | $0 |
2009 | $0 |
2010 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) from Dry Cleaning Facility Release Acct 5093 |
Probable Savings/(Cost) from Dry Cleaning Facility Release Acct 5093 |
---|---|---|
2006 | ($7,434,000) | $3,206,000 |
2007 | ($7,469,000) | $2,477,000 |
2008 | ($7,520,000) | $7,520,000 |
2009 | ($7,571,000) | $7,571,000 |
2010 | ($7,610,000) | $7,610,000 |
Upon elimination of the Dry Cleaning Facility Release program, revenues to the Dry Cleaning Facility Release Account No. 5093 would be eliminated. This estimate assumes that fund balances of $9.2 million remaining in the account would be used in fiscal years 2006-07 to complete corrective actions already in progress on September 1, 2005. Because the program would be winding down in fiscal years 2006-07 and eliminated entirely by fiscal year 2008, savings would offset a portion of revenue losses in 2006-07 and the entire revenue losses in fiscal years 2008-10.
Revenue estimates are based on data provided by the TCEQ.
Source Agencies: | 582 Commission on Environmental Quality
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LBB Staff: | JOB, JRO, ZS, TL
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