Resolution in Support of End-of-Year Fiscal Responsibility

Model Bill Info
Bill Title	Resolution in Support of End-of-Year Fiscal Responsibility
Date Introduced	December 4, 2020
Date Finalized	January 8, 2021
Type	Model Resolution
Status	Final
Task Forces	Tax and Fiscal Policy

Resolution in Support of End-of-Year Fiscal Responsibility

WHEREAS: Waste, fraud, and abuse occur frequently in agency budget processes

WHEREAS: Congress has the responsibility to ensure agency waste, fraud, and abuse is minimized and taxpayers are protected from agency mismanagement

WHEREAS: In the last quarter of the fiscal year (Q4), federal agencies spent 25.4% more than previous months on average, according to the Report on Budget Execution and Budgetary Resources

WHEREAS: Many purchases made in the last quarter of the fiscal year are unrelated to agency mission, like entertainment and luxury goods

WHEREAS: The federal government incentivizes this practice by eliminating unspent funds from future agency budgets. To maintain current budgets, or to encourage a greater allocation, agency administrators spend the remainder of all budget funds before the end of the fiscal year, even if increased spending is not needed.

WHEREAS: The federal debt exceeds $27 trillion, and reforms must be made to bring spending under control

WHEREAS: Reforming agency spending rules to prevent bureaucrats from making end-of-year spending sprees would save over $144 billion annually, according to the National Taxpayers Union Foundation

NOW, THEREFORE, LET IT BE RESOLVED: [State] supports requiring federal agencies to practice end-of-year fiscal responsibility. Agency spending during the last two (2) months of the fiscal year must not exceed average per month spending during the previous ten (10) months of the fiscal year, except in the case of a national crisis or a conflict with other laws.