LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 4, 2025 TO: Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4097 by Harris (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced No significant fiscal implication to the State is anticipated. It is assumed that any costs associated with the bill could be absorbed using existing resources. Local Government ImpactThere could be an impact on a municipality if the attorney general determines the municipality has not met applicable audit and financial statement requirements. The municipality would be unable to adopt an ad valorem tax that exceeds the municipality's no-new-revenue tax rate. Source Agencies: b > td > 302 Office of the Attorney General, 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, SZ, BC, CWi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 4, 2025
TO: Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4097 by Harris (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced
TO: Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4097 by Harris (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced
Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs
Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4097 by Harris (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced
HB4097 by Harris (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources.
Local Government Impact
There could be an impact on a municipality if the attorney general determines the municipality has not met applicable audit and financial statement requirements. The municipality would be unable to adopt an ad valorem tax that exceeds the municipality's no-new-revenue tax rate.
Source Agencies: b > td > 302 Office of the Attorney General, 304 Comptroller of Public Accounts
302 Office of the Attorney General, 304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, SZ, BC, CWi
JMc, SZ, BC, CWi