Honorable Brandon Creighton, Chair, Senate Committee on Education K-16
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB843 by Kolkhorst (relating to a Texas Education Agency database of school district bonds, taxes, and bond-related projects.), Committee Report 1st House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for SB843, Committee Report 1st House, Substituted: a negative impact of ($3,000,000) through the biennium ending August 31, 2027.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2026
($1,500,000)
2027
($1,500,000)
2028
($1,500,000)
2029
($1,500,000)
2030
($1,500,000)
All Funds, Five-Year Impact:
Fiscal Year
Probable Savings/(Cost) from General Revenue Fund 1
2026
($1,500,000)
2027
($1,500,000)
2028
($1,500,000)
2029
($1,500,000)
2030
($1,500,000)
Fiscal Analysis
The bill would require the Texas Education Agency (TEA) to develop and maintain a database that includes current information regarding school district bonds, taxes, and bond-related projects. TEA could contract with a third party to develop and maintain the database.
Methodology
TEA assumes that it would be more cost-effective to contract with a third party to develop and maintain the database required under the bill. The agency assumes the fiscal impact of the third party contract would be $1.5 million each year.
Local Government Impact
School districts would be required to provide information related to bonds, taxes, and tax rate election results, as well as any other information requested by the agency for the purpose of maintaining the database.