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HI SB724
Bill
AI Summary
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Requires the Department of Budget and Finance to submit a report by January 1, 2019 estimating non-discretionary costs for fiscal years 2018-2019 and 2019-2020.
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Report must include five specific metrics: percentage of non-discretionary costs to general fund revenues, per capita costs, percentage to gross state product, percentage to personal income, and modified coverage ratio.
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Defines "non-discretionary costs" as fixed costs (debt service, pension contributions, health insurance benefits) and Medicaid service costs.
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Report must include all amounts and calculations used to derive the estimates.
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Director of Finance shall recommend whether this information should be provided annually and include the recommendation in the January 1, 2019 report.
Legislative Description
Relating To Non-discretionary Costs.
Non-discretionary Costs
Last Action
Became law without the Governor's signature, Act 210, 07/12/2017, (Gov. Msg. No. 1324).
7/13/2017