|Posted:||January 5, 2021 10:29 AM|
|From:||Representative Dawn W. Keefer|
|To:||All House members|
|Subject:||Zero-Based Budget Act|
|In the near future, I will be re-introducing House Bill 1452 from last Session, legislation that would establish the "Zero-Based Budgeting Act".
Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new fiscal year. Zero-based budgeting starts from a "zero base," and every function within an organization is analyzed or both its needs and costs. Budgets are then built around what is needed for the upcoming period, regardless of whether the budget is higher or lower than the previous one.
Specifically, my legislation will require state agencies that account for at least 20 percent of the General Fund budget to prepare and submit a zero-based budget plan containing the following information:
I respectfully ask that you join me in co-sponsoring this important legislation.
Introduced as HB75