A BILL TO BE ENTITLED AN ACT TO REQUIRE THE IMPLEMENTATION OF ZERO-BASED BUDGETING FOR THE STATE BUDGET BY THE 2019-2021 FISCAL BIENNIUM.
Enacts new GS 143C-3-3.1 defining zero-based budget and directing the Governor, with the fiscal year beginning July 1, 2015, to establish a schedule for phasing in the zero-based budget over a period of four fiscal years, beginning with the executive branch. The Governor must also identify which state agencies will be required to submit a zero-based budget for each of the four fiscal years.
Amends GS 143C-3-5, adding subsection (h) defining zero-based budget and setting timeframes by which the Governor must present a zero-based budget.
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