The proposed bill, if enacted, would update current statutes by allowing counties with populations under 250,000 to meet fiscal obligations for the fiscal year 2025-2026 from any designated county revenue sources, including special taxing jurisdictions. This provision would also cap the amount that can be used for purposes outside the intended revenue source at $1,250,000. Additionally, it would require these counties to report by October 1, 2025, to the Director of the Joint Legislative Budget Committee regarding any use of revenue sources for unintended purposes and specify the intended revenue sources for the upcoming fiscal year.

The bill introduces new language that specifies these provisions, which are not currently included in the law. The current statutes do not provide for such flexibility in revenue usage or reporting requirements for counties of this size. The updates aim to facilitate local government financial management in alignment with the state budget for FY 2026.