Pennsylvania HB601 proposes constitutional amendments to change the state's fiscal period from one year to two years.
Pennsylvania HB601 proposes integrated amendments to the Constitution of Pennsylvania, changing the Commonwealth's fiscal period from one year to two years. The bill outlines changes to the Governor's budgets and financial plans, the capital budget, and appropriations. The Governor must submit a balanced operating budget and a financial plan for the next five fiscal periods, each consisting of two years. The General Assembly must adopt a capital budget for the ensuing fiscal period. The bill also modifies the surplus appropriation process and the restrictions on debt and gasoline taxes.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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