LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

April 22, 2005

TO:	Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	SB833 by Barrientos (Relating to the required use of tax increment financing to provide affordable housing in certain reinvestment zones.), Committee Report 1st House, Substituted

No fiscal implication to the State is anticipated.

The bill would require the provision of certain affordable housing requirements in tax increment financing (TIF) projects within specific counties.

The bill would require a specified allocation of local property taxes for the purpose of providing housing to low-income individuals and families in Travis County. Aside from the proposed restriction on the use of tax increment revenues in Travis County, the bill would have no impact on the state or units of local government.

Local Government Impact

Aside from the proposed restriction on the use of tax increment revenues in Travis County, the bill would have no impact on units of local government.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, DLBa, WP, DLBe