HB1575

HB1575 changes the process for determining the default budget in local political subdivisions.

HB1575 modifies the method for determining the default budget in local political subdivisions. It specifies that the budget committee, rather than the governing body, will determine the default budget if certain conditions are met. The default budget is calculated based on the previous year's operating budget, adjusted for debt service, contracts, and other obligations, and reduced for one-time expenditures and eliminated positions. The default budget must be disclosed and presented for discussion at the first budget hearing.