LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION March 18, 2025 TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SJR57 by Huffman (Proposing a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system.), As Introduced No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $191,689. The resolution would propose a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system. According to the Comptroller of Public Accounts, there are no current or future state obligations to fund a local retirement system, and therefore the resolution would have no fiscal implications to the state. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 327 Employees Retirement System LBB Staff: b > td > JMc, KK, LCO, JPO, NV
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
March 18, 2025
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SJR57 by Huffman (Proposing a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system.), As Introduced
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SJR57 by Huffman (Proposing a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system.), As Introduced
Honorable Joan Huffman, Chair, Senate Committee on Finance
Honorable Joan Huffman, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SJR57 by Huffman (Proposing a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system.), As Introduced
SJR57 by Huffman (Proposing a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system.), As Introduced
No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $191,689.
No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $191,689.
The resolution would propose a constitutional amendment prohibiting the use of state funds to pay for the obligations of a local public retirement system. According to the Comptroller of Public Accounts, there are no current or future state obligations to fund a local retirement system, and therefore the resolution would have no fiscal implications to the state.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 327 Employees Retirement System
304 Comptroller of Public Accounts, 327 Employees Retirement System
LBB Staff: b > td > JMc, KK, LCO, JPO, NV
JMc, KK, LCO, JPO, NV