LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 3, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB4035 by Kent (Relating to the adoption by a school district of a budget and an ad valorem tax rate.), As Introduced No significant fiscal implication to the State is anticipated. The bill would change the dates school districts could adopt tax rates and would change certain public notices concerning the rates if the new procedure was followed. These changes are not estimated to significantly affect appraised values or the actual tax rates. Local Government Impact School districts would have the option to set tax rates before the adoption of the budget for a current tax year. School districts that exercised this option might incur additional administrative expenses related to posting two public notices and holding separate meetings for the tax rate and budget processes. Source Agencies:304 Comptroller of Public Accounts, 701 Central Education Agency LBB Staff: JOB, MN, JGM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 3, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB4035 by Kent (Relating to the adoption by a school district of a budget and an ad valorem tax rate.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB4035 by Kent (Relating to the adoption by a school district of a budget and an ad valorem tax rate.), As Introduced
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB4035 by Kent (Relating to the adoption by a school district of a budget and an ad valorem tax rate.), As Introduced
HB4035 by Kent (Relating to the adoption by a school district of a budget and an ad valorem tax rate.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would change the dates school districts could adopt tax rates and would change certain public notices concerning the rates if the new procedure was followed. These changes are not estimated to significantly affect appraised values or the actual tax rates.
The bill would change the dates school districts could adopt tax rates and would change certain public notices concerning the rates if the new procedure was followed. These changes are not estimated to significantly affect appraised values or the actual tax rates.
Local Government Impact
School districts would have the option to set tax rates before the adoption of the budget for a current tax year. School districts that exercised this option might incur additional administrative expenses related to posting two public notices and holding separate meetings for the tax rate and budget processes.
Source Agencies: 304 Comptroller of Public Accounts, 701 Central Education Agency
304 Comptroller of Public Accounts, 701 Central Education Agency
LBB Staff: JOB, MN, JGM
JOB, MN, JGM