LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 16, 2023 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1252 by Bettencourt (relating to the wording of ballot propositions for bond elections.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would require a local government that submits to the voters a proposition for the approval of the issuance of a debt obligation to include in the proposition the statement "THIS IS A TAX INCREASE" and language stating the amount of the maximum tax rate for which approval is sought. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > LBB Staff: b > td > JMc, KK, SD, BRI, CMA, NTh, AF
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 16, 2023
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1252 by Bettencourt (relating to the wording of ballot propositions for bond elections.), Committee Report 2nd House, Substituted
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1252 by Bettencourt (relating to the wording of ballot propositions for bond elections.), Committee Report 2nd House, Substituted
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1252 by Bettencourt (relating to the wording of ballot propositions for bond elections.), Committee Report 2nd House, Substituted
SB1252 by Bettencourt (relating to the wording of ballot propositions for bond elections.), 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 local government that submits to the voters a proposition for the approval of the issuance of a debt obligation to include in the proposition the statement "THIS IS A TAX INCREASE" and language stating the amount of the maximum tax rate for which approval is sought.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td >
LBB Staff: b > td > JMc, KK, SD, BRI, CMA, NTh, AF
JMc, KK, SD, BRI, CMA, NTh, AF