HB1462/SB1589 Reform of Governor’s budget process. Williams/Bell

Bill Description

This bill requires that all developed estimates and revisions be adopted by a majority vote of the entire board.
If the midpoint within the revenue range for total taxes is greater than 1.5 percent in any fiscal year, that the governor's budget recommendation:
(1) Be based on a projected growth rate no greater than the midpoint of the revenue range for total taxes estimated by the state funding board for that year; and
(2) Reserve 0.2 percent of the total taxes estimated by the state funding board, using the midpoint within the revenue range, for legislative priorities. Funds reserved for legislative priorities must be allocated 1/3 for appropriation amendments and 2/3 for legislation. Any funds reserved for legislative priorities may be deposited into the reserve for revenue fluctuations.

TLRC Position

We supported this bill in its original form. As amended, we are less enthusiastic .

TLRC Observed Process

This bill was amended by Chairman Sargent in his House F, W&M committee: "deleting Sections 2 and 3." leaving only: "...all developed estimates and revisions be adopted by a majority vote of the entire board."
It had little opposition after that.
They managed to make a meaningful bill almost meaningless.
Understand that the thumbs up is for the intent of the bill, not the outcome.

Vote Result: Passed

Score: 5

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