HB 517 (BR 1488) - J. Jenkins, T. Thompson
AN ACT relating to the duties and powers of the mayor of a consolidated local government.
Create a new section of KRS Chapter 67C defining a consolidated local government mayor's powers and duties; create requirement to submit annual revenue and financial information; require submission of capital projects plan; define capital projects; require creation of surplus funds account in general fund; define surplus funds account; require submission of an annual budget with both a surplus expenditure and budget reduction plan; list requirements for surplus expenditure plan and alternatives to expending surplus funds; define the terms of a budget reduction plan and place limits on the use of certain budget reduction strategies; make any employee lay-off subject to any civil service ordinances or collective bargaining agreements; create a requirement for the mayor to inform agencies and metro council of the status of the budget in regards to surplus or deficit; require the mayor to implement a budget reduction plan once certain thresholds reached; create standards for the restoration of reduced services; require the mayor to designate an agency or contracted individual with the mission to track actual and projected revenues with the budget plan adopted; require the designated individual or agency to inform the mayor and metro council monthly of past months' revenues, require the designated agency or individual to report quarterly on actual revenues versus forecast revenues and to forecast future revenues versus budget forecasts; amend KRS 67C.105 to make certain contracts, agreements, and obligations subject to metro council approval; amend KRS 67C.139 to conform.
Feb 23-introduced in House
Feb 24-to Local Government (H)