Subscribe to receive our Floor Reports covering all the action on the Texas House and Senate floor!
Estimated Two-year Net Impact to General Revenue Related Funds for SB686, As Introduced: a negative impact of ($5,103,770) through the biennium ending August 31, 2017.
No significant fiscal implication to local government.
SB 686 would abridge the principle of limited government, therefore we oppose this legislation. The principle of limited government can be affirmed or abridged by a change in the size and scope of government, as well as changes in spending by government. The proposal in this bill would change both negatively. The legislation expands government by allowing the legislature to give taxpayer money to a loan repayment fund, which would result in additional spending of general revenue by the legislature.
It should not go unnoticed that when this program was created by the legislature in 2013 it was with the stipulation that the program would be funded only by private gifts and grants.
As a final note, other federal and state programs that help teachers repay their student loans already exist, further negating the case for funding this program through appropriations.