2003 Session

Budget Amendments - HB1400 (Committee Approved)

View Budget Item
View Budget Item amendments

Commissioners of Revenue Compensation Reserve

Item 511 #4h

Item 511 #4h

First Year - FY2003 Second Year - FY2004
Central Appropriations
Central Appropriations FY2003 $0 FY2004 $259,494 GF

Page 476, line 26, strike "($16,723,273)" and insert "($16,463,779)".
Page 480, after line 23, insert:
"M.  There is hereby appropriated a sum of $259,494 to provide for a 2.5 percent base salary adjustment on December 1, 2003, respectively for Officers and staff funded through Item 70 of this act. To the extent necessary to offset downward revisions of the fiscal year 2004 general fund revenue estimate, the Governor, after determining such action is necessary, is authorized to allocate such amounts as necessary from this item to address the downward revision in general fund revenue subject to the requirements of  § 4-1.04 of this act."

(This amendment provides for a revenue reserve in the event of a downward revision of the official general fund revenue estimate. If such funds are not used for this purpose, the Governor shall use the appropriation to provide a 2.5 percent salary increase for local Commissioners of the Revenue and their employees.)