2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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Treasurer Program Changes

Item 69 #2c

Item 69 #2c

First Year - FY2005 Second Year - FY2006
Compensation Board FY2005 ($5,536,713) FY2006 ($5,536,713) GF

Page 51, line 43, strike "$21,801,282" and insert "$16,264,569".
Page 51, line 43, strike "$21,801,282" and insert "$16,264,569".
Page 51, strike lines 44 through 46, and insert:
"Financial Assistance for Administration (xxx) ... $7,860,338  $7,860,338
Financial Assistance for Treasurers  .................. $7,384,347  $7,384,347
Financial Assistance for State Tax Services  ....   $1,019,884  $1,019,884".

(This amendment updates the program structure for Treasurers by setting out in new subprograms (i) the salary and benefits paid to the principal officers, (ii) state assistance for functions performed by treasurers' offices on behalf of their local governments, and (iii) state assistance for the processing state income tax returns. The amendment also removes the existing funding of $5.5 million each year from the general fund for Directors of Finance and transfers those amounts to a new program.)