This bill proposes updates to section 42-17105 of the Arizona Revised Statutes, specifically regarding the local government budgeting process. It allows cities and towns to amend their adopted budgets during the fiscal year to utilize additional revenues not included in the original budget. The bill stipulates that these amendments must adhere to the existing budget requirements, but notably removes the requirement that such amendments be adopted by the third Monday in July each year.

Additionally, the bill introduces several specific conditions for budget amendments: no new or increased taxes or fees can be adopted through these amendments, the amended estimates will serve as the official budget for the current fiscal year, and the total proposed expenditures in the amended budget cannot exceed the amounts outlined in the published amended estimates. These changes aim to provide local governments with greater flexibility in managing their budgets while ensuring fiscal responsibility.

Statutes affected:
Introduced Version: 42-17105