Making a supplemental appropriation to Department of Revenue, State Budget Office
Impact
If enacted, SB752 would impact state budgeting procedures by providing the authority to allocate previously unappropriated surplus funds towards necessary expenditures, thus enhancing the efficiency of financial management at the state level. By allowing supplemental appropriations, the bill ensures that the state can react to fiscal challenges or opportunities as they arise, effectively supporting public services and funding for essential programs, particularly those related to the Department of Revenue.
Summary
Senate Bill 752, introduced in the 2023 regular session, proposes a supplemental appropriation from the State Fund, General Revenue, to the Department of Revenue's State Budget Office for the fiscal year ending June 30, 2023. The bill outlines the intention to allocate funds based on the existing unappropriated surplus balance in the State Fund, thereby allowing the government to utilize surplus revenues more effectively. A specific goal mentioned is the transfer of funds to the PEIA Rainy Day Fund, indicating a focus on strategic financial planning to ensure fiscal stability.
Sentiment
The sentiment around SB752 appears to be generally positive, with recognition from legislators of the importance of prudent financial management and the benefits that come from managing surplus funds. There seems to be a consensus on the need for the state to maintain flexibility in fiscal policies to enhance budgetary stability. However, the focus on appropriations may evoke discussions regarding the prioritization of funding within various government sectors, with differing opinions on what constitutes the best use of surplus funds.
Contention
A notable point of contention surrounding SB752 revolves around the allocation of unappropriated surplus funds and the transparency of appropriations. While proponents argue it enables sensible financial planning, critics may raise concerns about potential mismanagement or lack of oversight over how surplus funds are spent. The implications of this appropriation bill could lead to debates regarding the priorities of state funding and the need for accountability in state financial operations.
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.