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F I S C A L I M P A C T R E P O R T

SPONSOR Garcia

ORIGINAL DATE

LAST UPDATED

2/2/08

HB 560

SHORT TITLE Springer Economic Development Services

SB

ANALYST Earnest

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY08

FY09

$100.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Economic Development Department (EDD)

SUMMARY

Synopsis of Bill

House Bill 560 appropriates $100 thousand from the general fund to the Economic Development

Department to contract for economic development services and to implement the master plan for

the community of Springer

FISCAL IMPLICATIONS

The appropriation of $100 thousand contained in this bill is a recurring expense to the general

fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2009 shall

revert to the general fund.

SIGNIFICANT ISSUES

EDD reports that Springer cannot afford to pay for a full-time economic developer and

volunteers have taken on the duties required to move the community forward. Communities such

as Springer are attempting to find the means to continue to sustain themselves.

BE/mt