LD 80 LR 280(02)
An Act To Change the Schedule for the Beginning of the Biennial Budget Cycle
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: State and Local Government
Fiscal Note Required: Yes
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund $60,000 $245,975 $670,981 $0
General Fund $60,000 $245,975 $670,981 $0
Fiscal Detail and Notes
This bill includes a General Fund appropriation of $245,975 in fiscal year 2014-15 for the Department of Administrative and Financial Services for the information system changes required to accomodate the change in the budget biennium.  The estimated cost in fiscal year 2015-16 is $670,981, resulting in a total project cost of $916,956.
This bill also includes a General Fund appropriation of $60,000 in fiscal year 2013-14 for the Legislature to contract for assistance to reprogram the Legislature's budget and fiscal note system to accomodate the change to the budget biennium.
The Legislature will also incur other additional costs depending on how the Legislature decides to react to the change in the timing of the biennial budget.  At a minimum, it is likely that additional committee meetings will be held before the start of the Second Regular Session in order to complete work on the biennial budget within the statutory deadlines for budget enactment.  The estimated cost for each interim committee meeting is $1,625 per committee per day.  The total estimated cost beginning in fiscal year 2016-17 could be as much as $100,000, depending on the number of committees meeting for joint hearings prior to the start of the Second Regular Session.