An Act To Create A State Employee Compensation Stabilization Fund
Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Summary
The bill sets up the State Employee Compensation Stabilization Fund, run by the Department of Administrative and Financial Services, and earmarks a small portion of leftover General Fund revenues for it. The fund must be spent to increase state employee salaries so they match comparable private‑sector wages, based on market‑pay studies and labor negotiations. Any money not spent rolls over to the next fiscal year.
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