Bill > H180

This bill requires the Director of the budget (a state-level executive branch official) to collaborate annually with the legislative branch to create a comprehensive long-term budget assessment covering at least the next five years. The assessment must include detailed projections of spending needed to maintain current services, taking into account factors like inflation, population changes, and the cost of delivering services. It also mandates an analysis of potential program changes, statutory mandates, employee salary and benefit costs, and potential budget impacts based on various economic scenarios. The bill amends existing state law to require the Governor's budget recommendations to include a fiscal analysis that aligns with this new long-term assessment, providing more detailed five-year estimates for new or expanded programs. This approach aims to improve fiscal transparency and long-term budget planning by requiring a more comprehensive and collaborative approach to understanding the state's financial outlook, helping policymakers make more informed budgetary decisions. The bill will take effect when it becomes law and will apply to the next fiscal year's appropriations act.

Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H180