Adjusts the fiscal guardrails by changing revenue transfer calculations and increasing the Budget Reserve Fund capacity.
The bill modifies the calculation for the annual adjustment to the revenue transfer threshold, using an inflation-adjusted five-year moving average. It also raises the maximum capacity of the Budget Reserve Fund to 20% of net General Fund appropriations. These changes aim to better align fiscal policies with economic conditions and enhance financial stability.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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