Texas 2025 89th Regular

Texas Senate Bill SB1851 Fiscal Note / Fiscal Note

Filed 03/30/2025

                    LEGISLATIVE BUDGET BOARD     Austin, Texas       FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION             March 30, 2025       TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government     FROM: Jerry McGinty, Director, Legislative Budget Board      IN RE: SB1851 by Nichols (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
March 30, 2025

 

 

  TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government     FROM: Jerry McGinty, Director, Legislative Budget Board      IN RE: SB1851 by Nichols (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced   

TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1851 by Nichols (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced

 Honorable Paul Bettencourt, Chair, Senate Committee on Local Government

 Honorable Paul Bettencourt, Chair, Senate Committee on Local Government

 Jerry McGinty, Director, Legislative Budget Board 

 Jerry McGinty, Director, Legislative Budget Board 

 SB1851 by Nichols (Relating to the penalty for noncompliance with certain audit requirements by a municipality.), As Introduced 

 SB1851 by Nichols (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