Bill > HB2554

This bill transitions Arizona's state budget process from an annual to a biennial cycle, meaning budgets will be planned and approved for two-year periods instead of one. Key changes include requiring the governor to submit a budget covering two fiscal years, with each year delineated separately, and requiring state agencies to submit their budget estimates for the next two fiscal years. The bill also adjusts the timing for certain reports and planning documents to align with the biennial cycle, such as strategic plans being updated every two years instead of annually, and capital improvement plans being prepared in even-numbered years for the subsequent two fiscal years. Additionally, it modifies the reporting frequency for employer contributions to retirement systems to a biennial basis.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/84349