2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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Fund Treasurers for State Activities Only

Item 69 #1h

Item 69 #1h

First Year - FY2005 Second Year - FY2006
Compensation Board FY2005 ($2,107,162) FY2006 ($2,107,162) GF

Page 51, line 43, strike "$21,801,282" and insert "$19,694,120".
Page 51, line 43, strike "$21,801,282" and insert "$19,694,120".
Page 52, after line 38, insert:
"4.a. Notwithstanding any other provision of law, the Compensation Board shall approve and reimburse the salaries shown in this act for all elected city and county Treasurers.  The Compensation Board shall only provide reimbursement of these offices' staff salaries, pursuant to Compensation Board salary scales, for that work performed by Treasurers associated with the processing of state income taxes as determined by Compensation Board staffing standards.  The Compensation Board may approve such other expenses for performing work associated with state income taxes as the Compensation Board deems appropriate.  Any additional positions that may be necessary to implement this policy shall be provided by the Compensation Board within the amounts included in this item.  However, no state funds shall be used by the Compensation Board to reimburse staff salaries or other expenses associated with any other duty performed by these offices.  
b. Compensation Board funding for the Office of Finance Director in the City of Alexandria, the County of Albemarle, the County of Fairfax, the County of Henrico, the County of Prince William, and the City of Richmond shall not be less than what were the state amounts approved by the Compensation Board for those offices on May 1, 2003."

(This amendment restricts general fund support for elected city and county Treasurers to that portion of their work associated with the processing of state income taxes. Many Treasurers provide services supporting local programs and initiatives. Currently, in many localities, this local work far exceeds the amount of work performed for the state. The amendment does not reduce general fund support for local directors of finance, but no additional general fund support will be provided in the future.)