(a) (1) There is a Spending Affordability Committee appointed by the County Executive and confirmed by resolution of the County Council.
(2) The Committee shall make advisory recommendations to the Office of the Budget, the County Executive, and the County Council relating to spending affordability including County spending levels to reflect the ability of the taxpayer to finance County services and long-term debt.
(3) The recommendations shall be presented in a report not less than 150 days before the end of each fiscal year, and copies of the report shall be made available for public inspection.
(4) The County Executive, at their discretion, or the County Council, by resolution, may refer to the Committee any matter related to the Committee's functions and duties for its review and recommendations.
(b) The Committee shall examine:
(1) current capital projects;
(2) the 5-year capital improvement program;
(3) per capita wealth;
(4) debt service;
(5) pay-as-you-go funding; and
(6) alternative sources of funding.
(c) The Committee shall consist of one resident from each councilmanic district who is knowledgeable in the field of economics, finance, fiscal planning, or a related field. It shall elect its own chair.
(d) (1) For the initial term, two of the members shall be appointed for a term of two years, two for a term of three years, and three for a term of four years.
(2) After the initial term, each member shall be appointed for a term of four years.
(3) At the end of a term, a member shall continue to serve until a successor has been appointed and qualified.
(4) A member appointed after a term has begun shall serve only for the rest of the term and until a successor is appointed and qualified.
(5) A person may not serve for more than two successive terms.
(e) The committee shall have the funds as provided for in the budget.
(Res. No. 31-90; Res. No. 30-22)