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SCS/SB 692 - This act allows and establishes procedures for counties to decrease their annual budgets no more than twice each fiscal year when faced with unanticipated funding of two percent or greater. The budget reduction may not affect any one independently affected officeholder unless all officeholders who receive funds from the same budget category have negotiated ways to cover the shortfall. Also, the reductions may not impact any dedicated fund created by law. The provisions of this act expire on July 1, 2015. Charter counties may follow procedures in their charters for amending their budgets rather than the provisions of this act. This act is similar to provisions of HCS/SS/SCS/SB 580 (2010) and HB 1793 (2010). MEGHAN LUECKE
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