Budget sustainability bill requires balanced budgets and long-term financial planning.
The bill mandates that the governor's operating budget documents submitted to the legislature must leave a positive ending fund balance in the general fund and related funds, starting from the 2021-2023 fiscal biennium. It also requires that the projected maintenance level of the governor's operating budget documents must not exceed the available fiscal resources for the next ensuing fiscal biennium.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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