No. CS/CS/CS/SB 1566
Filed under Development & Land Use.
Local Government Finances; Citing this act as the “Local Government Financial Transparency and Accountability Act”; revising the timeframe during which tentative budgets, and the length of time for which final budgets, must be posted on county websites; requiring counties to prepare certain quarterly compensation summaries; revising the length of time for which a public hearing for an amendment to a county budget must be advertised; specifying requirements applicable to local governments and special districts for impact fees adopted or increased after a specified date, etc.
Plain English Summary
AI-GENERATEDCounties and municipalities must hold a workshop to plan a 10% budget reduction for the next fiscal year. This creates a new mandatory exercise for local governments to identify specific strategies to cut spending.
Local governments must post detailed budget summaries and employee compensation data on their websites for at least five years. This extends the previous two-year retention requirement, significantly increasing the volume of public financial data available online.
New or increased impact fees must be based on a ten-year plan-based study. The bill caps the maximum allowable increase at 100 percent, divided equally over a four-year period, preventing sudden large hikes in development charges.
Municipalities must post proposed budget amendments on their official websites five days before adoption. They must also publish a budget development calendar by January 30 each year, ensuring residents have advance notice of financial changes.
AICreates a new legal duty for counties and municipalities to hold a workshop and publicly post a plan to cut their next year's budget by 10%.
AIRequires local governments to post detailed, multi-year budget summaries and compensation data in downloadable formats, extending the required posting duration from two to five years.
AIMandates that new or increased impact fees be based on a 10-year plan-based study and caps the maximum allowable increase at 100% over four years.
AIMandates that proposed budget amendments be posted on the municipality's or county's website 5 days before adoption.
AIRequires municipalities to prepare and post a quarterly summary of compensation for all employees funded by municipal appropriations.
AIEstablishes a 30-day deadline for local governments to respond to written requests for impact fee refunds or credits, and requires full payment within 30 days of the payor's election.
AIRequires municipalities to publish a budget development calendar on or before January 30 of each calendar year.
AIExtends the required retention period for adopted budget amendments on a website from 2 years to 5 years.