HB 4130
growth zones; housing and economic
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 4130 modifies Arizona’s law regarding local government budgets, specifically concerning growth zones and housing. It allows cities and towns to amend their adopted budgets during the fiscal year to utilize unexpected revenues, provided certain conditions are met, such as not increasing taxes or fees and requiring a public discussion before a vote. The bill adjusts the timeline for budget amendments, removing the requirement to be adopted by the third Monday in July.
Key provisions
- Cities and towns can amend their budgets during the fiscal year to use unbudgeted revenues.
- Budget amendments do not need to be adopted by the third Monday in July.
- New or increased taxes and fees cannot be included in budget amendments.
- Budget amendments must be discussed and voted on at a regular meeting.
- Amended budgets cannot exceed the amounts proposed in the published estimates.
Who is affected
- Cities
- Towns
- Local Governments
- Municipalities
Notable changes
- Removes the July 3rd deadline for budget amendments.
- Allows for budget adjustments without requiring new taxes or fees.
Sponsors
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Primary sponsor
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