LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 22, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5627 by Capriglione (Relating to the creation of the Texas Commission on Public School Teacher Retirement Funding Transparency.), 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 ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 323 Teacher Retirement System, 701 Texas Education Agency LBB Staff: b > td > JMc, FV, ASA, ENA LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 22, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5627 by Capriglione (Relating to the creation of the Texas Commission on Public School Teacher Retirement Funding Transparency.), As Introduced TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5627 by Capriglione (Relating to the creation of the Texas Commission on Public School Teacher Retirement Funding Transparency.), As Introduced Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services Jerry McGinty, Director, Legislative Budget Board Jerry McGinty, Director, Legislative Budget Board HB5627 by Capriglione (Relating to the creation of the Texas Commission on Public School Teacher Retirement Funding Transparency.), As Introduced HB5627 by Capriglione (Relating to the creation of the Texas Commission on Public School Teacher Retirement Funding Transparency.), 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 No fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 323 Teacher Retirement System, 701 Texas Education Agency 304 Comptroller of Public Accounts, 323 Teacher Retirement System, 701 Texas Education Agency LBB Staff: b > td > JMc, FV, ASA, ENA JMc, FV, ASA, ENA