The General Assembly Raised Bill No. 5424 aims to enhance oversight of expenditures from the General Fund by mandating a review of appropriations for the biennium ending June 30, 2027. Specifically, the Office of Fiscal Analysis is tasked with identifying areas where appropriations have increased by ten percent or more compared to the previous biennium. The findings of this review are required to be submitted to the relevant joint standing committee by February 1, 2027.
This bill introduces new legal language that establishes the review process, effective July 1, 2026, while deleting previous language that may have been related to the bill's procedural context. The intent of the bill is to ensure greater transparency and accountability in state spending, particularly in identifying significant increases in appropriations.