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OH HB199
Bill
Status
4/12/2011
Primary Sponsor
John Adams
Click for details
AI Summary
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Amends sections 107.032 and 131.55 of the Revised Code to establish a 95 percent spending cap on state budgets based on forecasted aggregate revenue.
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Defines "aggregate general revenue fund appropriations" as all general revenue fund appropriations excluding federal funds, tax refunds, and gifts.
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Defines "aggregate revenue" as money received in the general revenue fund minus federal funds and gifts received.
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Requires the Governor's proposed budget and any enacted state budget to not exceed 95 percent of aggregate revenue forecasted by the Office of Budget and Management for the biennium.
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Repeals sections 107.033, 107.034, 107.035, 131.56, 131.57, 131.58, 131.59, and 131.60 of the Revised Code, eliminating prior budget limitation provisions.
Legislative Description
To prohibit the Governor from proposing and the General Assembly from enacting a state budget with aggregate general revenue fund appropriations that exceed ninety-five per cent of the total money received in aggregate revenue.
State budget-prohibit GRF appropriations exceeding 95% of aggregate revenue
Last Action
To Finance & Appropriations
4/12/2011