LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 30, 2025 TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2477 by Bettencourt (relating to certain municipal regulation of conversion of certain office buildings to mixed-use and multifamily residential occupancy.), Committee Report 1st House, Substituted 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.Provisions of the bill reducing restrictions on mixed-use and multi-family residential developments could have an impact on taxable property values and the related costs to the state through the operation of the school finance formula. However, the impact is unlikely to be significant. Local Government ImpactThere could be an impact on municipalities that are currently regulating mixed-used and multifamily developments in ways that would be prohibited by the bill. Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, SZ, BC, CWi, BRI, CMA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 30, 2025
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2477 by Bettencourt (relating to certain municipal regulation of conversion of certain office buildings to mixed-use and multifamily residential occupancy.), Committee Report 1st House, Substituted
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2477 by Bettencourt (relating to certain municipal regulation of conversion of certain office buildings to mixed-use and multifamily residential occupancy.), Committee Report 1st House, Substituted
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
SB2477 by Bettencourt (relating to certain municipal regulation of conversion of certain office buildings to mixed-use and multifamily residential occupancy.), Committee Report 1st House, Substituted
SB2477 by Bettencourt (relating to certain municipal regulation of conversion of certain office buildings to mixed-use and multifamily residential occupancy.), Committee Report 1st House, Substituted
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.Provisions of the bill reducing restrictions on mixed-use and multi-family residential developments could have an impact on taxable property values and the related costs to the state through the operation of the school finance formula. However, the impact is unlikely to be significant.
Provisions of the bill reducing restrictions on mixed-use and multi-family residential developments could have an impact on taxable property values and the related costs to the state through the operation of the school finance formula. However, the impact is unlikely to be significant.
Local Government Impact
There could be an impact on municipalities that are currently regulating mixed-used and multifamily developments in ways that would be prohibited by the bill.
Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, SZ, BC, CWi, BRI, CMA
JMc, SZ, BC, CWi, BRI, CMA