Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB1536 by Watson (Relating to retirement under public retirement systems for employees of certain municipalities.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The provisions of the bill would affect only the City of Austin. The Texas Municipal Retirement System reported the City of Austin has its own pension system; therefore, no fiscal implication to the State is anticipated.
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.