LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 11, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3340 by Metcalf (relating to the public retirement systems of certain municipalities.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. This bill would make changes to the governing statutes of the Houston Firefighters' Relief and Retirement Fund and the Houston Police Officer's Pension System. It is assumed any costs related to implementing the provisions of the bill could be absorbed using existing resources. Local Government ImpactAccording to the Houston Firefighters' Relief and Retirement Fund, the changes made by implementing the provisions of the bill are not significant and would have no impact on the overall operations of the system. Source Agencies: b > td > LBB Staff: b > td > JMc, MOc, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 11, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3340 by Metcalf (relating to the public retirement systems of certain municipalities.), Committee Report 1st House, Substituted
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3340 by Metcalf (relating to the public retirement systems of certain municipalities.), Committee Report 1st House, Substituted
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
HB3340 by Metcalf (relating to the public retirement systems of certain municipalities.), Committee Report 1st House, Substituted
HB3340 by Metcalf (relating to the public retirement systems of certain municipalities.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would make changes to the governing statutes of the Houston Firefighters' Relief and Retirement Fund and the Houston Police Officer's Pension System. It is assumed any costs related to implementing the provisions of the bill could be absorbed using existing resources.
Local Government Impact
According to the Houston Firefighters' Relief and Retirement Fund, the changes made by implementing the provisions of the bill are not significant and would have no impact on the overall operations of the system.
Source Agencies: b > td >
LBB Staff: b > td > JMc, MOc, LCO, JPO
JMc, MOc, LCO, JPO