Executive budget; submission of budget using zero-based budgeting principles. (HB112)

Introduced By

Del. Dickie Bell (R-Staunton) with support from co-patrons Del. Mark Cole (R-Fredericksburg), and Del. Lynwood Lewis (D-Accomac)

Description

Submission of executive budget; zero-based budgeting.  Requires, beginning in the 2014-2016 biennium, "The Executive Budget," and all "Executive Budgets" shall be prepared and formulated using zero-based budgeting principles. The bill provides that such zero-based budgets shall reflect the amount of funding deemed necessary to achieve the most cost-effective performance of each agency or department pursuant to an accompanying narrative delineating the tasks to be performed by each agency or department, together with the goals and objectives for each agency or department. Each such budget shall have a zero dollar amount as its initial basis and shall not reflect any prior appropriation amount, adjusted or otherwise. Amends § 2.2-1508 (“Submission of executive budget to General Assembly.”), of the Code of Virginia. View Full Text »

Outcome

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