Bill Text: CT SB00362 | 2011 | General Assembly | Introduced

---

Bill Title: An Act Concerning Municipal Budget Reserve Balances And Municipal Arbitration Reform.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Introduced - Dead) 2011-01-20 - Referred to Joint Committee on Labor and Public Employees [SB00362 Detail]

Download: Connecticut-2011-SB00362-Introduced.html

---

General Assembly		Proposed Bill No. 362
January Session, 2011		LCO No. 1454
Referred to Committee on Labor and Public Employees
Introduced by:
SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist. REP. CAFERO, 142nd Dist. REP. CANDELORA, 86th Dist. REP. KLARIDES, 114th Dist.

AN ACT CONCERNING MUNICIPAL BUDGET RESERVE BALANCES AND MUNICIPAL ARBITRATION REFORM.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That subdivision (9) of subsection (d) of section 7-473c of the general statutes be amended to provide that municipal budget reserve fund balances of ten per cent or less shall not be considered by the arbitration panel in calculating the financial capability of a municipality; and further, authorize a municipality to reject an arbitration award by a vote of two-thirds of the members of its legislative body and to provide that any such rejected award shall be subject to contract negotiations rather than a second arbitration, except that if no agreement is reached by the date forty-five days after the date of such rejection, parties shall submit to final and binding arbitration.

Statement of Purpose:

To provide municipalities with tools to address local budget deficits and restore balance to the binding arbitration process by making it consistent with the state binding arbitration process.