Amends GS 153A-28 (pertaining to compensation/expense allowances for board of county commissioners) and GS 160A-64 (pertaining to compensation/expense allowances for city mayors and councils) to cap compensation/expense allowances to no more than authorized by law for members of the General Assembly as set by GS 120-(b) and (c) (setting annual salary of $13,951 and expense allowance of $559 per month for members of the General Assembly who are not in designated leadership roles along with any per diem allowance permitted by law.) Currently, no compensation caps exist for governing members of counties and cities. Specifies that if a governing member of a county subject to the compensation caps becomes a full-time county official, then their adjusted compensation and allowances will not be subject to the caps. Specifies that a salary of an elected city officer other than a member of the council may not be reduced during their current term of office unless they agree, unless the salary must be reduced in order to comply with the caps discussed above. (Currently, those current salaries can only be reduced if the person agrees.) Applies to the annual budget ordinance adopted for the 2023-2024 fiscal year.