Honorable Charlie Geren, Chair, House Committee on House Administration
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2666 by Bohac (Relating to the use of electronic payment methods for parking meters in the Capitol Complex.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB2666, As Introduced: an impact of $0 through the biennium ending August 31, 2019.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2018
$0
2019
$0
2020
$0
2021
$0
2022
$0
Fiscal Year
Probable Savings/(Cost) from Capitol Fund
2018
($235,739)
2019
($47,164)
2020
($47,164)
2021
($47,164)
2022
($47,164)
Fiscal Analysis
The bill would amend Chapter 443, Government Code, to require that a parking meter installed in the Capitol Complex accept electronic payment methods, including payments made with a credit or debit card, for payment of a parking fee collected through the meter.
Methodology
Based on the analysis of the State Preservation Board (board), the cost to replace current coin meters with an electronic payment meter would cost $475 for the purchase of each new meter. Additionally, electronic payment meters would cost $9.90 per meter per month; this cost reflects credit card transaction fees, wireless data fees and a monthly management system fee per meter. The board estimates 397 meters would need to be replaced, resulting in a cost of $188,575 in fiscal year 2018 for the purchase of meters and recurring annual costs of $47,164 in fiscal year 2018 and each following fiscal year. This analysis assumes that the cost of the meters can be funded through the Capitol Fund, which is held outside the state treasury.
According to the board, electronic payment meters may potentially generate up to 29 percent additional revenue in comparison with coin meters, depending on the location of the meter and due to better payment compliance by drivers. Therefore, there may be an indeterminate increase in revenues to the Capitol Fund, where Capitol Complex meter revenues are deposited.
Local Government Impact
No fiscal implication to units of local government is anticipated.