Introduced
by
To establish new budget process, disclosure and audit requirements for local governments and school districts. Among other things local government governing bodies would be prohibited from approving a budget “by reference;” their chief administrative officer would be required to recommend an annual budget that complies with the form and standards prescribed by the state; and they would have to immediately report a current or projected deficit to the state Department of Treasury, along with a plan to correct it. School districts that project a decline in student counts would be required to amend (cut) their current budgets to recognize this.
Referred to the Committee on Appropriations Subcommittees
