Bill Text: TX HB1349 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the creation of a long-range revenue analysis committee.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-03-05 - Referred to Appropriations [HB1349 Detail]
Download: Texas-2015-HB1349-Introduced.html
| 84R7724 MK-D | ||
| By: Howard | H.B. No. 1349 | |
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| relating to the creation of a long-range revenue analysis | ||
| committee. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 403, Government Code, is | ||
| amended by adding Section 403.0306 to read as follows: | ||
| Sec. 403.0306. LONG-RANGE REVENUE ANALYSIS COMMITTEE. (a) | ||
| The long-range revenue analysis committee shall produce biannual | ||
| long-range financial projection and revenue reports to assist the | ||
| legislature in making budget decisions. | ||
| (b) The committee is composed of: | ||
| (1) the chief revenue estimator from the office of the | ||
| comptroller; | ||
| (2) the executive director of the Legislative Budget | ||
| Board; | ||
| (3) the committee director of the committee of the | ||
| house of representatives with jurisdiction over appropriations; | ||
| (4) the committee director of the senate committee | ||
| with jurisdiction over appropriations; and | ||
| (5) the state demographer. | ||
| (c) The executive director of the Legislative Budget Board | ||
| shall serve as the chair of the committee. | ||
| (d) The committee is not subject to Chapter 2110. | ||
| (e) The committee may request assistance with gathering | ||
| data, performing analysis, developing financial forecasts and | ||
| official estimates, or any other relevant tasks from any | ||
| department, agency, institution, office, or political subdivision | ||
| of this state. | ||
| (f) Between January 15 and February 1 of each odd-numbered | ||
| year, the committee shall issue a long-range revenue analysis | ||
| report for a 10-year period, including the fiscal biennium | ||
| beginning on September 1 of that year, that includes: | ||
| (1) revenue estimates and major state financial | ||
| projections, including: | ||
| (A) long-term cost drivers for expenditures in | ||
| each article of the General Appropriations Act, such as projections | ||
| of population demographics, educational statistics, and workforce | ||
| statistics; and | ||
| (B) long-term revenue sources, such as state | ||
| economic growth and personal income growth; | ||
| (2) projections for constitutionally dedicated | ||
| appropriations during the 10-year period; | ||
| (3) fiscal impact statements for the projected | ||
| development of the economy, population, and fiscal practices of the | ||
| state; and | ||
| (4) fiscal impact statements for current state | ||
| programs and fiscal policies. | ||
| (g) In creating the report required by Subsection (f), the | ||
| committee shall use the current actual expenditures of the state, | ||
| or, if actual expenditures are not available, the best available | ||
| estimate of actual expenditures of the state and may seek input as | ||
| necessary from the public, the executive branch and the judicial | ||
| branch of the state, state agencies, and any other relevant | ||
| sources. The committee must reach a consensus on any revenue | ||
| analysis and projections created for each report before the | ||
| analysis or projections may be included in the report. | ||
| (h) The report produced by the committee must be approved by | ||
| all members of the Legislative Budget Board before publication. | ||
| (i) Following approval of the report under Subsection (h), | ||
| the Legislative Budget Board shall deliver the report to the | ||
| legislature and shall publish the report on the board's Internet | ||
| website. | ||
| SECTION 2. This Act takes effect September 1, 2015. | ||
