HB1106
An Act For The Office Of The Treasurer Of State Appropriation For The 2025-2026 Fiscal Year.
AI-Generated Summary
This Arkansas House Bill, introduced by the Joint Budget Committee, proposes appropriations for the Office of the Treasurer of State for the fiscal year ending June 30, 2026. The bill outlines specific maximum numbers of regular and extra help employees for various positions within the Treasurer's office. It details the total appropriation amount for personal services, operating expenses, data processing, and financial/educational programs. Key financial allocations include over $3.2 million for regular salaries and $1.8 million for data processing systems/services. The bill also includes provisions allowing the Treasurer of State to transfer funds between line items within the operations appropriation, subject to approval. Furthermore, it grants the Treasurer discretion in implementing cost-of-living increases, labor market adjustments, merit pay, and allows for exceeding maximum salary levels by up to 20% for a limited number of positions with legislative approval. Finally, the bill declares an emergency to ensure its provisions are effective from July 1, 2025.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill would be the employees of the Office of the Treasurer of State, who would receive appropriated salaries and potential cost-of-living and merit-based adjustments. The citizens of Arkansas would indirectly benefit from the continued operation and funding of the Treasurer's office, including its financial and educational programs. The Office of the Treasurer of State itself benefits from the allocated funds which enable its operational expenses, data processing needs, and the execution of its financial and educational initiatives.
Who Might Suffer?
This bill, being an appropriation measure focused on funding a specific state office, does not appear to have direct negative impacts on specific groups or entities. However, any tax-paying citizen or entity within Arkansas indirectly contributes to the state's general revenue fund, from which such appropriations are drawn. Therefore, the allocation of these funds could be seen as a diversion from other potential uses of taxpayer money. Additionally, entities that might otherwise compete for similar state funding could be indirectly affected by the allocation made to the Treasurer's office.