AN ACT LIMITING COLLECTIVE BARGAINING AGREEMENTS AND BINDING ARBITRATION TO AVAILABLE FUNDS IN THE STATE OR MUNICIPALITY'S BUDGET.

SB 624 (2025) limits state and municipal collective bargaining agreements and binding arbitration awards to funds already budgeted for those purposes. It directly affects public employees and their unions, as well as state and local government budget planners. The bill amends statutes to require that all new contracts or arbitration decisions must align with existing budget allocations, preventing commitments for unfunded expenses. This policy change ensures that negotiated agreements and arbitration outcomes cannot exceed available fiscal resources.