Scarnati: Transfer Surplus to General Fund
Senate President Pro Tempore Joe Scarnati re-introduced legislation that would allow for the transfer of excess funds in the legislative reserve account back into the general fund.
“For too long the General Assembly has carried an amount of taxpayer money in a reserve account that exceeds the necessary total,” Scarnati stated. “It is my belief that this legislation institutes the appropriate balance needed to continue operations in case of a budget impasse.”
According to Scarnati, Senate Bill 1000 will retain sufficient funds in the legislative reserve account in case of emergencies or a budget impasse in order to allow for the continuation of government business. Under the legislation, funds in excess will be returned to the general fund.
The legislation would transfer prior year legislative funds that remain unexpended, uncommitted, or unencumbered, and that exceed a four-month reserve.
“I have stated time and time again, the reserve account is greater than it needs to be, and hopefully when this bill becomes law, that will be rectified,” Scarnati said. “This is just another step in reforming the way business is done in Harrisburg.”
Senate Bill 1000 has 30 co-sponsors, and has received bi-partisan support.
“For too long the General Assembly has carried an amount of taxpayer money in a reserve account that exceeds the necessary total,” Scarnati stated. “It is my belief that this legislation institutes the appropriate balance needed to continue operations in case of a budget impasse.”
According to Scarnati, Senate Bill 1000 will retain sufficient funds in the legislative reserve account in case of emergencies or a budget impasse in order to allow for the continuation of government business. Under the legislation, funds in excess will be returned to the general fund.
The legislation would transfer prior year legislative funds that remain unexpended, uncommitted, or unencumbered, and that exceed a four-month reserve.
“I have stated time and time again, the reserve account is greater than it needs to be, and hopefully when this bill becomes law, that will be rectified,” Scarnati said. “This is just another step in reforming the way business is done in Harrisburg.”
Senate Bill 1000 has 30 co-sponsors, and has received bi-partisan support.
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