Introduced Senate Bill (S)

Authored by

DIGEST

Collective bargaining and deficit financing. Provides that, for purposes of collective bargaining, a school employer is not considered to be in a position of deficit financing if the school employer's combined general fund cash balance and rainy day fund cash balance as listed on the school employer's Form 9 on June 30 of the current calendar year exceeds 10% of the school employer's certified general fund budget for that year. Collective bargaining and deficit financing. Provides that, for purposes of collective bargaining, a school employer is not considered to be in a position of deficit financing if the school employer's combined general fund cash balance and rainy day fund cash balance as listed on the school employer's Form 9 on June 30 of the current calendar year exceeds 10% of the school employer's certified general fund budget for that year.