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Committee advances bill letting DBM set pay for CFOs at large units, lowers threshold to $1.75 billion
Summary
Senate Bill 859, as amended, would authorize the DBM secretary to set pay scales for chief financial officers and certain senior IT officials at executive units receiving $1.75 billion or more annually; the committee approved amendments and reported the bill to the full committee.
The Budget and Taxation Committee approved amendments to Senate Bill 859 and reported it to the full committee. The bill gives the secretary of the Department of Budget and Management authority to set pay scales for chief financial officers at executive branch units that receive at least $1.75 billion in combined state and federal…
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