Provides for certain state appropriation bills and political subdivisions' budgets to compare the previous year's funding level. (1/1/11) (EN NO IMPACT See Note)
Impact
The legislative changes proposed by SB656 are expected to significantly affect the way budgets are prepared and presented in Louisiana. By mandating that all state appropriations include comparative financial data, the bill is intended to foster a greater understanding of trend movements in budgetary allocations and ensure that both the Legislature and other relevant stakeholders have access to necessary financial information. This focus on comparative budgeting aims to support more informed fiscal policies and could potentially lead to better financial management practices across political subdivisions.
Summary
Senate Bill 656 aims to enhance the budgetary process within the state of Louisiana by mandating that appropriation bills and budgets of political subdivisions include detailed comparative statements. This is focused on providing comparisons between current and previous fiscal years' funding levels, thereby enhancing financial oversight and accountability in governmental budget preparations. The goal of the bill is to ensure that both legislative and administrative processes involving state funding are transparent and consistent, facilitating informed decision-making by lawmakers and administrators alike.
Sentiment
Overall, the sentiment surrounding SB656 appears to be supportive among legislators who prioritize transparency and accountability within the budgetary process. Proponents argue that these enhancements will promote better fiscal stewardship and responsible planning. However, there may be concerns regarding the additional administrative burden placed on governmental agencies to comply with these new reporting requirements, which could lead to some resistance among those tasked with implementing the changes.
Contention
A notable point of contention regarding SB656 is the potential for increased complexity in budget presentation and the demands it could place on various governmental entities. While the bill seeks to improve governmental budgetary processes, there may be concerns about how much additional paperwork and accountability might hinder governmental efficiency. It raises important questions about balancing transparency with practicality, ensuring that the intent of improving fiscal oversight does not lead to bureaucratic hurdles that complicate budgeting processes.
Provides for the Five Year Estimated Revenue Loss Chart from the Tax Exemption Budget to be an appendix to the General Appropriation Bill. (8/15/10) (EN NO IMPACT GF EX See Note)
Provides that the contributions to the state retirement systems for the unfunded accrued liability shall be contained in the executive budget and as an exhibit to the general appropriation bill. (7/1/20) (EN NO IMPACT See Note)
Provides for certain budget adjustment authority upon receiving notification that a projected budget deficit exists. (7/1/11) (2/3-CA7s10(F)(1)) (RE SEE FISC NOTE GF EX See Note)
To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.