LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 12, 2011 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB275 by Pitts (relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), Committee Report 2nd House, Substituted Estimated Two-year Net Impact to General Revenue Related Funds for HB275, Committee Report 2nd House, Substituted: a positive impact of $3,973,557,000 through the biennium ending August 31, 2013.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 12, 2011
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB275 by Pitts (relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), Committee Report 2nd House, Substituted
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB275 by Pitts (relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), Committee Report 2nd House, Substituted
Honorable Steve Ogden, Chair, Senate Committee on Finance
Honorable Steve Ogden, Chair, Senate Committee on Finance
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB275 by Pitts (relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), Committee Report 2nd House, Substituted
HB275 by Pitts (relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), Committee Report 2nd House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for HB275, Committee Report 2nd House, Substituted: a positive impact of $3,973,557,000 through the biennium ending August 31, 2013.
Estimated Two-year Net Impact to General Revenue Related Funds for HB275, Committee Report 2nd House, Substituted: a positive impact of $3,973,557,000 through the biennium ending August 31, 2013.
Appropriations: Fiscal Year Appropriation out ofEconomic Stabilization Fund599 2011 $3,973,557,000 2012 $0 General Revenue-Related Funds, Two-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $0 2012 $0 General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $3,973,557,000 2012 $0 2013 $0 2014 $0 2015 $0 All Funds, Five-Year Impact: Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable (Cost) fromEconomic Stabilization Fund599 2011 $3,973,557,000 ($3,973,557,000) 2012 $0 $0 2013 $0 $0 2014 $0 $0 2015 $0 $0 Fiscal Analysis The bill relates to making appropriations from the Economic Stabilization Fund - 0599 in fiscal year 2011. The appropriation would take effect only if the bill receives a vote of three-fifths of the members in each house of the Legislature, as provided by Article III, Section 49-g(k) of the Texas Constitution. Methodology The bill appropriates $3,973,557,000 from the economic stabilization fund for the purpose of making expenditures previously authorized by appropriations from the General Revenue Fund for the 2010-11 biennium. The appropriation is equal to the 2012-13 GR beginning balance from the January 2011 Biennial Revenue Estimate minus the additional $300 million in sales tax receipts the Comptroller added to the revenue estimate on March 11, 2011.
Fiscal Year Appropriation out ofEconomic Stabilization Fund599 2011 $3,973,557,000 2012 $0
2011 $3,973,557,000
2012 $0
General Revenue-Related Funds, Two-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $0 2012 $0
2011 $0
2012 $0
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $3,973,557,000 2012 $0 2013 $0 2014 $0 2015 $0
2011 $3,973,557,000
2012 $0
2013 $0
2014 $0
2015 $0
All Funds, Five-Year Impact: Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable (Cost) fromEconomic Stabilization Fund599 2011 $3,973,557,000 ($3,973,557,000) 2012 $0 $0 2013 $0 $0 2014 $0 $0 2015 $0 $0
Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable (Cost) fromEconomic Stabilization Fund599 2011 $3,973,557,000 ($3,973,557,000) 2012 $0 $0 2013 $0 $0 2014 $0 $0 2015 $0 $0
2011 $3,973,557,000 ($3,973,557,000)
2012 $0 $0
2013 $0 $0
2014 $0 $0
2015 $0 $0
Fiscal Analysis
The bill relates to making appropriations from the Economic Stabilization Fund - 0599 in fiscal year 2011. The appropriation would take effect only if the bill receives a vote of three-fifths of the members in each house of the Legislature, as provided by Article III, Section 49-g(k) of the Texas Constitution.
The bill relates to making appropriations from the Economic Stabilization Fund - 0599 in fiscal year 2011.
The appropriation would take effect only if the bill receives a vote of three-fifths of the members in each house of the Legislature, as provided by Article III, Section 49-g(k) of the Texas Constitution.
Methodology
The bill appropriates $3,973,557,000 from the economic stabilization fund for the purpose of making expenditures previously authorized by appropriations from the General Revenue Fund for the 2010-11 biennium. The appropriation is equal to the 2012-13 GR beginning balance from the January 2011 Biennial Revenue Estimate minus the additional $300 million in sales tax receipts the Comptroller added to the revenue estimate on March 11, 2011.
The bill appropriates $3,973,557,000 from the economic stabilization fund for the purpose of making expenditures previously authorized by appropriations from the General Revenue Fund for the 2010-11 biennium. The appropriation is equal to the 2012-13 GR beginning balance from the January 2011 Biennial Revenue Estimate minus the additional $300 million in sales tax receipts the Comptroller added to the revenue estimate on March 11, 2011.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, KK, SD
JOB, KK, SD