TO: | Honorable John Davis, Chair, House Committee on Economic & Small Business Development |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB3563 by Murphy (Relating to eligibility for certain unemployment compensation benefits.), As Introduced |
The bill would amend the Labor Code relating to the eligibility for certain unemployment compensation benefits.
According to the Texas Workforce Commission (TWC), there would be a reduction in benefit outlays which would result in a savings to the Unemployment Insurance Trust Fund, which is not in the state treasury. TWC estimates a savings of $71,914,680 in fiscal year 2014, $72,863,147 in fiscal year 2015, $71,805,184 in fiscal year 2016, $72,359,818 in fiscal year 2017 and $74,664,492 in fiscal year 2018, totaling $363,607,321 over the five-year period from 2014-2018.
Based on the analysis of the Texas Workforce Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Source Agencies: | 320 Texas Workforce Commission
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LBB Staff: | UP, RB, NV
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