TO: | Honorable John Carona, Chair, Senate Committee on S/C on Emerging Technologies & Economic Dev. |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | SB1321 by Staples (relating to the creation and operation of a Texas Certified Retirement Community Program. ), Committee Report 1st House, Substituted |
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 New GR-Dedicated Texas Certified Retirement Community Program Account |
Probable Savings/(Cost) from New GR-Dedicated Texas Certified Retirement Community Program Account |
Change in Number of State Employees from FY 2005 |
---|---|---|---|
2006 | $79,059 | ($79,059) | 1.0 |
2007 | $61,966 | ($61,966) | 1.0 |
2008 | $61,966 | ($61,966) | 1.0 |
2009 | $61,966 | ($61,966) | 1.0 |
2010 | $61,966 | ($61,966) | 1.0 |
The cost to administer this program includes the salary of a program coordinator as well as minimal administrative costs in the first year of the program for a total of $79,059 in fiscal year 2006 and $61,966 in subsequent fiscal years.
TDA anticipates that approximately 13 to 15 communities will apply each fiscal year generating approximately $79,059 in fiscal year 2006 and $61,966 in subsequent fiscal years. This estimate assumes that only rural communities will apply to the program. As written, however, the bill does not limit the program to rural communities.
Source Agencies: |
LBB Staff: | JOB, JRO, ZS, JF
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