COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 0715-01
Bill No.: SB 235
Subject: Local Governments: Redevelopment
Type: Orginial
Date: January 28, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Department of Economic Development officials assume no fiscal impact.
State Tax Commission officials assume no fiscal impact.
City of Springfield officials assume no fiscal impact.
City of St. Joseph officials assume this proposal would allow for a higher debt ceiling and thus a higher amount of GO debt to be issued. Officials assume no fiscal impact.
Platte County and Jefferson County officials assume no fiscal impact.
Entities not responding to this proposal are as follows: Office of Administration, and the counties of Callaway, Boone, Greene, St. Louis, Taney, and Jackson, and the Cities of Independence, and Columbia.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act provides that the calculation of the limit for local government indebtedness as outlined
in the Missouri Constitution shall include the additional value added to an area as a result of a
TIF redevelopment project in such area. The County Assessor is instructed to include such value
when making entries in the assessor's book.
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
Missouri State Tax Commission
Department of Economic Development
Office of Administration- Budget and Planning
Platte County
Jefferson County
City of Springfield
City of St. Joseph
NOT RESPONDING
Office of Administration
Callaway County
Boone County
Clay County
Greene County
St. Louis County
Taney County
Jackson County
Kansas City
City of Independence
City of Columbia
Mickey Wilson, CPA
Director
January 28, 2003