Fiscal Note - SB 0303 - Transportation Development Districts May Be Created By Property Owners
L.R. NO. 0892-04
BILL NO. Truly Agreed to and Finally Passed HCS for SB 303
SUBJECT: Transportation Development Districts
TYPE: Original
DATE: May 1, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Transportation
Development
Districts $0 or Unknown $0 or Unknown $0 or Unknown
FISCAL ANALYSIS
ASSUMPTION
Officials of the Department of Transportation, Department of Economic
Development, State Tax Commission, State Auditor's Office, and the Department
of Revenue assume that their agencies would not be fiscally impacted by the
proposal.
Officials of the Office of State Courts Administrator assume that because the
number of proposals to establish transportation development districts in any
one year is expected to be small, they would not expect a significant
increase in the workload of the courts.
Oversight assumes that transportation development districts formed would
assess additional sales taxes that would be collected by the districts.
However, any amounts that may be collected depend on the formation of
transportation development districts and the amount of the taxes assessed and
are unknown. Possible additional revenues are shown beginning in FY 1998
since the next local elections after the proposal's effective date are
assumed to be February, 1998, and the proposal provides that the tax would be
effective on the first day of the month following adoption of the tax by the
qualified voters.
Regarding the provisions revising the method of appointment of Bi-State
Development Commission members, Oversight assumes that the proposal does not
change the total number of commissioners, and therefore the proposal would
have no fiscal impact to local governments.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
TRANSPORTATION DEVELOPMENT
DISTRICTS
$0 or $0 or $0 or
Income-additional sales taxes Unknown Unknown Unknown
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
This proposal would change various provisions of laws governing
transportation development districts, including allowing districts which are
not full cities and counties to impose a sales tax within their boundaries.
The districts would be responsible for collecting the sales taxes. The
formation of all transportation development districts would be subject to
voter approval.
The proposal would revise the method of appointment of commissioners of the
Bi-State Development Commission.
This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.
SOURCES OF INFORMATION
Department of Transportation
State Auditor's Office
Department of Revenue
Department of Economic Development
Office of State Courts Administrator
State Tax Commission
This Fiscal Note is not an official copy and should not be quoted or cited.