LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 15, 2011 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1536 by Watson (Relating to retirement under public retirement systems for employees of certain municipalities.), As Introduced No fiscal implication to the State is anticipated. The provisions of the bill would affect only the City of Austin. The Texas Municipal Retirement System reported the City of Austin has its own pension system; therefore, no fiscal impact. Local Government Impact Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government. Source Agencies: LBB Staff: JOB, KJG, TP, DH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 15, 2011
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1536 by Watson (Relating to retirement under public retirement systems for employees of certain municipalities.), As Introduced
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1536 by Watson (Relating to retirement under public retirement systems for employees of certain municipalities.), As Introduced
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
SB1536 by Watson (Relating to retirement under public retirement systems for employees of certain municipalities.), As Introduced
SB1536 by Watson (Relating to retirement under public retirement systems for employees of certain municipalities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The provisions of the bill would affect only the City of Austin. The Texas Municipal Retirement System reported the City of Austin has its own pension system; therefore, no fiscal impact.
Local Government Impact
Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government.
Source Agencies:
LBB Staff: JOB, KJG, TP, DH
JOB, KJG, TP, DH