LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 28, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2649 by Allison (Relating to the retirement system in certain municipalities for firefighters and police officers.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Vernon's Texas Civil Statutes to make changes to the San Antonio Fire and Police Pension Fund. It is assumed any costs from the bill could be absorbed using existing resources. Local Government ImpactAccording to the San Antonio Fire and Police Pension Fund, the bill would have an insignificant fiscal impact on the fund and no fiscal impact on the plan sponsor, the City of San Antonio. Source Agencies: b > td > LBB Staff: b > td > JMc, MOc, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 28, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2649 by Allison (Relating to the retirement system in certain municipalities for firefighters and police officers.), As Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB2649 by Allison (Relating to the retirement system in certain municipalities for firefighters and police officers.), As Introduced
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB2649 by Allison (Relating to the retirement system in certain municipalities for firefighters and police officers.), As Introduced
HB2649 by Allison (Relating to the retirement system in certain municipalities for firefighters and police officers.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Vernon's Texas Civil Statutes to make changes to the San Antonio Fire and Police Pension Fund. It is assumed any costs from the bill could be absorbed using existing resources.
Local Government Impact
According to the San Antonio Fire and Police Pension Fund, the bill would have an insignificant fiscal impact on the fund and no fiscal impact on the plan sponsor, the City of San Antonio.
Source Agencies: b > td >
LBB Staff: b > td > JMc, MOc, LCO, JPO
JMc, MOc, LCO, JPO