SB2
An Act For The Department Of Finance And Administration - Assessment Coordination Division Appropriation For The 2026-2027 Fiscal Year.
Last Action (April 1, 2026): Re-referred to JOINT BUDGET COMMITTEE
Sponsors
AI-Generated Summary
This bill acts as an appropriations measure to provide funding and set personnel limits for the Assessment Coordination Division of the Arkansas Department of Finance and Administration for the fiscal year ending June 30, 2027. It outlines the authorized number of regular and temporary employees and designates specific funding amounts for regular salaries, operating expenses, assessor training, and real property reappraisal. Additionally, the bill authorizes the transfer of funds between specific state accounts, including the Public School Fund, County Aid Fund, and Municipal Aid Fund, to support real property reappraisal activities across the state. It also grants authority for the agency to shift certain appropriations to ensure the availability of training resources for assessment personnel. The act includes standard legislative language regarding compliance with state fiscal laws and provides an emergency clause to ensure the funding takes effect by July 1, 2026.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are the Assessment Coordination Division of the Arkansas Department of Finance and Administration, which receives the necessary funding and staffing authorization to continue operations. Additionally, county assessors, local government entities, and professional reappraisal companies benefit from the financial support provided for ongoing training, property reappraisal, and administrative functions related to tax assessment.
Who Might Suffer?
The bill does not directly negatively impact any specific group, as it is a standard appropriations act for government operations. However, because funds are transferred from the Department of Education Public School Fund Account, the County Aid Fund, and the Municipal Aid Fund to support property reappraisal costs, those specific accounts will see a reduction in the capital otherwise available for their primary purposes.
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