Giovanni Capriglione, Chair
John Zerwas, Chair
Oscar Longoria, Vice Chair
Cecil Bell, Jr.
Sergio Muñoz, Jr.
Carl Sherman, Sr.
Monitor and oversee the implementation of appropriations bills and other relevant legislation passed by the 86th Legislature. In conducting this oversight, the Committee will also specifically monitor implementation of appropriations for:
|• Review and evaluate the actuarial soundness of the Employees Retirement System and Teacher Retirement System pension funds. Examine the cost of and potential strategies for achieving and maintaining the actuarial soundness of the funds. Examine the effect the unfunded liabilities could have on the state's credit rating. Examine the state's investment policies and practices, including investment objectives, targets, disclosure policies, and transparency. (Joint charge with the House Committee on Pensions, Investments & Financial Services)|
|• Examine the cost of state employee turnover on the state budget and review the impact of recent targeted salary increases, including those at the Health and Human Services Commission and the Texas Department of Criminal Justice.|
|• Evaluate the volume and efficacy of reporting requirements required in the General Appropriations Act and identify opportunities to streamline and consolidate agency reporting requirements.|
|• Monitor the implementation of SB 68, 86th Legislature, Regular Session, providing for expanded implementation of the Strategic Fiscal Review process.|
|• Examine the number, type, and estimated value of accounts maintained outside of the State Treasury, and the potential impact to state budget certification made by moving additional funds outside the Treasury.|
|• Identify structural changes that can be made to the Economic Stabilization Fund (ESF) in order to maximize investments and establish a source of funding for long-term liabilities. Examine the potential of using the fund for long-term infrastructure projects and the impact of the constitutional cap on the ESF balance.|
|• Monitor the State Auditor's review of agencies and programs. The Chair shall seek input and periodic briefings on completed audits for the 2019 and 2020 fiscal years with potential impact on the appropriations process and bring forth pertinent issues for full committee consideration.|
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