Amends GS 143C-3-5 to require the Governor's budget recommendations to include a 5-year fiscal analysis that incorporates estimates of revenues and expenditures, factoring in listed economic changes, and a statement of assumptions.
Amends GS 143C-5-3. Amends the caption of that statute to read "Availability statement and fiscal analysis required." Requires the Current Operations Appropriations Act as it is passed by each Chamber and the enacted version to be accompanied by an independent fiscal analysis performed by the Fiscal Research Division of the General Assembly that addresses the budget outlook for the upcoming five-year period. Provides requirements for the analysis identical to those required for the Governor's budget recommendations, as described above.
Effective July 1, 2017.
STATE BUDGET/REQUIRE 5-YEAR FORECAST.
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| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO REQUIRE THE CURRENT OPERATIONS APPROPRIATIONS ACT ENACTED BY THE GENERAL ASSEMBLY TO BE ACCOMPANIED BY A FISCAL ANALYSIS ADDRESSING THE STATE'S BUDGET OUTLOOK FOR A FIVE-YEAR PERIOD.Intro. by Chaudhuri, Horner.
Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (Mar 30 2017)
Bill History:
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Wed, 29 Mar 2017 Senate: Filed
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Thu, 30 Mar 2017 Senate: Passed 1st Reading
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Thu, 30 Mar 2017 Senate: Ref To Com On Rules and Operations of the Senate
S 514
Bill Summaries:
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Bill S 514 (2017-2018)Summary date: Mar 30 2017 - View Summary
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