biennial budget

HB 2554 amends Arizona's budget process by requiring the governor to submit a two-year budget plan (biennial budget) with separate annual breakdowns, instead of a single-year plan. It mandates that state agencies submit detailed financial estimates by September 1 each even-numbered year, including costs from local minimum wage increases exceeding state levels. The bill also establishes a continuous budget planning process, requires a February 15 appropriations estimate report, and specifies detailed contents for the governor's budget report (like balance sheets, income/expenditure schedules, and performance measures). This procedural bill affects the governor's office, state agencies, and the legislature by standardizing budget submission and reporting requirements for the next two fiscal years.