LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 5, 2013 TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3563 by Murphy (Relating to eligibility for certain unemployment compensation benefits.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Labor Code relating to the eligibility for certain unemployment compensation benefits. According to the Texas Workforce Commission (TWC), there would be a reduction in benefit outlays which would result in a savings to the Unemployment Insurance Trust Fund, which is not in the state treasury. TWC estimates a savings of $71,914,680 in fiscal year 2014, $72,863,147 in fiscal year 2015, $71,805,184 in fiscal year 2016, $72,359,818 in fiscal year 2017 and $74,664,492 in fiscal year 2018, totaling $363,607,321 over the five-year period from 2014-2018. Based on the analysis of the Texas Workforce Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:320 Texas Workforce Commission LBB Staff: UP, RB, NV
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 5, 2013
TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3563 by Murphy (Relating to eligibility for certain unemployment compensation benefits.), As Introduced
TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3563 by Murphy (Relating to eligibility for certain unemployment compensation benefits.), As Introduced
Honorable John Davis, Chair, House Committee on Economic & Small Business Development
Honorable John Davis, Chair, House Committee on Economic & Small Business Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3563 by Murphy (Relating to eligibility for certain unemployment compensation benefits.), As Introduced
HB3563 by Murphy (Relating to eligibility for certain unemployment compensation benefits.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Labor Code relating to the eligibility for certain unemployment compensation benefits. According to the Texas Workforce Commission (TWC), there would be a reduction in benefit outlays which would result in a savings to the Unemployment Insurance Trust Fund, which is not in the state treasury. TWC estimates a savings of $71,914,680 in fiscal year 2014, $72,863,147 in fiscal year 2015, $71,805,184 in fiscal year 2016, $72,359,818 in fiscal year 2017 and $74,664,492 in fiscal year 2018, totaling $363,607,321 over the five-year period from 2014-2018. Based on the analysis of the Texas Workforce Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would amend the Labor Code relating to the eligibility for certain unemployment compensation benefits.
According to the Texas Workforce Commission (TWC), there would be a reduction in benefit outlays which would result in a savings to the Unemployment Insurance Trust Fund, which is not in the state treasury. TWC estimates a savings of $71,914,680 in fiscal year 2014, $72,863,147 in fiscal year 2015, $71,805,184 in fiscal year 2016, $72,359,818 in fiscal year 2017 and $74,664,492 in fiscal year 2018, totaling $363,607,321 over the five-year period from 2014-2018.
Based on the analysis of the Texas Workforce Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 320 Texas Workforce Commission
320 Texas Workforce Commission
LBB Staff: UP, RB, NV
UP, RB, NV