SUSPENSE FILES TAKEN UP TODAY

This week, both Houses of the California State Legislature dealt with hundreds of bills on their fiscal committees’ “Suspense File.”  Any bill that has a significant cost to the state’s General Fund, generally $150K or more, go to Suspense for consideration about impact on the state’s overall revenue.  This ostensibly allows the committee members to get a full picture of new costs to the state, prioritize requests, and limit the impact on public funds for new legislative initiatives.  However, the business community has long complained that this process does not also consider costs to private sector companies or impact on jobs – both of which have an indirect impact on the state budget.

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