COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 1335-04
Bill No.: Truly Agreed to and Finally Passed CCS for HCS for SCS for SB 379
Subject: Cities: Community Improvement Districts
Type: Original
Date: May 30, 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 3 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
In response to almost identical legislation officials of the Department of Economic Development stated there would be no fiscal impact.
Officials of the City of Springfield assume no fiscal impact to the city.
Oversight assumes this proposal establishes a procedure to be followed by the City's governing body whenever a written request, for removal from a Community Improvement District had been received. Oversight assumes there would be an expense for publication cost for the notice of a public hearing, and some mailing cost for notice of a public hearing. Oversight assumes these costs would only occur whenever the city would be petitioned for a hearing. Oversight assumes there would not be a large number of hearings conducted and the Community Improvement District, or the City of Springfield could absorb any cost with their current level of appropriation.
| 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 bill allows the City of Springfield, when requested by a property owner, to hold a public hearing for the removal of real property from a community improvement district or have a parcel of property within the district reclassified.
The bill allows the property to be removed from the district or reclassified if the district's board of directors consents to the action, the district can meet its obligations without the revenue generated by or on the property, and the public hearing is properly conducted.
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 Economic Development
City of Springfield
Mickey Wilson, CPA
Director
May 30, 2003