SB 137 - This act allows and establishes procedures for counties to decrease their annual budgets no more than twice each fiscal year when faced with an unanticipated decline in funding of two percent or greater.
The budget reduction may not affect any one independently elected 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, 2016.
Charter counties may follow procedures in their charters for amending their budgets rather than the provisions of this act.
This provision is identical to a provision of the truly agreed to and finally passed SS#2/SCS/HB 116 (2013), the truly agreed to and finally passed HB 451 (2013), a provision of SCS/HCS/HB 161 (2013), HCS/SCS/SB 692 (2012), SS/SCS/HCS/HB 1623 (2012) and HCS/SCS/SB 729 (2012), and is similar to a provision of HCS/HB 1373 (2012), HB 1573 (2012), HB 1307 (2012), HCS/SS/SCS/SB 580 (2010) and HB 1793 (2010).