S.126

North Carolina S126 mandates zero-based budgeting for state agencies on a rotating schedule.

North Carolina S126 requires state agencies to adopt zero-based budgeting for their fiscal plans on a rotating schedule. This approach involves preparing budgets that start from zero and justify all expenses. The bill mandates that certain agencies submit zero-based budget plans in specific years, with a cycle repeating every eight years. The Office of State Budget and Management provides technical assistance to support these plans. Zero-based budgeting aims to achieve the most cost-effective performance by justifying the necessity of each funding request.