Honorable Vicki Truitt, Chair, House Committee on Pensions & Investments
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB1626 by Watson (Relating to participation in the proportionate retirement program by certain public employees.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would amend the Government Code as it relates to the retirement program in a municipality with a population of between 600,000 and 700,000. Based on the 2000 U.S. Census, the bill would apply only to the City of Austin.
Local Government Impact
Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government.