HB3054 - Tennessee - Budget Procedures

Companion Bill SB3331. Budget Procedures - Requires bill increasing cost to local governments to be funded by amendment to appropriations act that contains new revenue or offsetting reduction in appropriation to fund state share of cost of such bill. - Amends TCA Title 9, Chapter 4, Part 53. Fiscal Summary for *HB3054 / SB3331Other Fiscal Impact - The fiscal impact of this bill is dependent upon several unknown factors such as (1) the number of future laws that will increase local government expenditures beyond the $1,000,000 limit; (2) the extent of increased local government expenditures above the $1,000,000 limit; and (3) the frequency with which the reduced appropriation method is selected to fund the states share of the increased local government expenditures. For instances when the reduced appropriation method is used, state funds appropriated for certain state services [...]

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