LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 12, 2011 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition, increase, or reduction of a tax or the issuance of bonds.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would require a proposition allowing the voters to approve the imposition, increase, or reduction of a tax or the issuance of bonds to include a description of and the total principal amount of the bonds that would be issued or the amount of the tax or tax rate increase or decrease. The bill would take effect on September 1, 2011. It is anticipated that any costs associated with implementation of the legislation could be absorbed within existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, KJG, JT, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 12, 2011
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition, increase, or reduction of a tax or the issuance of bonds.), Committee Report 2nd House, Substituted
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition, increase, or reduction of a tax or the issuance of bonds.), Committee Report 2nd House, Substituted
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition, increase, or reduction of a tax or the issuance of bonds.), Committee Report 2nd House, Substituted
HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition, increase, or reduction of a tax or the issuance of bonds.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require a proposition allowing the voters to approve the imposition, increase, or reduction of a tax or the issuance of bonds to include a description of and the total principal amount of the bonds that would be issued or the amount of the tax or tax rate increase or decrease. The bill would take effect on September 1, 2011. It is anticipated that any costs associated with implementation of the legislation could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, KJG, JT, BTA
JOB, KJG, JT, BTA