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2018 Regular Session



Commonsense Spending Act of 2018

Sponsored by:



In the Senate - Hearing 2/21 at 1:00 p.m.

Synopsis:Providing that, beginning in fiscal year 2020, any appropriation that increases by operation of law is required to have its mandated level of spending increased by the lesser of the amount of the existing formula calculation or 1% less than the amount of General Fund revenue growth in a certain report submitted by the Board of Revenue Estimates; providing that the General Assembly may not enact certain legislation that creates a certain mandated level of funding except under certain circumstances; etc.
Analysis:Fiscal and Policy Note
All Sponsors:The President (By Request - Administration) and Senators Bates, Cassilly, Eckardt, Edwards, Hershey, Hough, Jennings, Ready, Reilly, Salling, Serafini, and Simonaire
Additional Facts:Cross-filed with: HB0348
Introduced in a prior session as: HB0420 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): June 1, 2018
By Request of the Governor
Budget and Taxation  View Committee Hearing
Broad Subject(s):Operating Budget
State Government - General Assembly
Narrow Subject(s):Appropriations
Budgets -see also- Capital Budgets
Committees and Commissions -see also- Political Committees
General Assembly -see also- AELR Cmte; Leg Policy Committee
Legislation -see also- Correct Leg; Cur Leg; Emerg Bills
Retirement Systems -see also- Mandatory Retirement
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

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February 22, 2018 5:23 P.M.