Introduced Version





HOUSE CONCURRENT
RESOLUTION No.
________




DIGEST OF INTRODUCED RESOLUTION



    A CONCURRENT RESOLUTION urging the establishment of an interim study committee to study the problem facing local governments as a result of significant shortcomings in revenue.



Cheney




    _______________________, read first time and referred to Committee on








Introduced

Second Regular Session 112th General Assembly (2002)


HOUSE CONCURRENT
RESOLUTION



    A CONCURRENT RESOLUTION urging the establishment of an interim study committee to study the problem facing local governments as a result of significant shortcomings in revenue.

    Whereas, As state fiscal conditions continue to deteriorate, it is more difficult for local governmental units to recover from significant shortcomings in revenue;

    Whereas, A November revision reduced expected revenues for fiscal year 2002 by $540 million or 5.7 percent and for fiscal year 2003 by $737.4 million or 7.4 percent; and

    Whereas, It is urgent that the state come up with viable solutions to the problems facing local governmental units as a result of reduced revenues: Therefore,

Be it resolved by the House of Representatives

of the General Assembly of the State of Indiana,

the Senate concurring:


    SECTION 1. That the legislative council is urged to establish a commission to study the problem facing local governments as a result of significant shortcomings in revenue.
    SECTION 2. That the committee, if established, shall operate under the direction of the legislative council, and that the committee shall issue a final report when directed to do so by the council.