Limits annual expenditures and transfers from the state general fund based on the consumer price index.

This bill sets a cap on the annual amount of expenditures and transfers from the state general fund starting with fiscal year 2027. The cap is determined by multiplying the previous fiscal year's expenditures and transfers by the consumer price index for all urban consumers in the Midwest region. The governor must submit a budget report to the legislature by the eighth calendar day of each regular legislative session, detailing the budget plan and legislative measures.

Limits annual expenditures and transfers from the state general fund based on the consumer price index.

This bill sets a cap on the annual amount of expenditures and transfers from the state general fund starting with fiscal year 2027. The cap is determined by multiplying the previous fiscal year's expenditures and transfers by the consumer price index for all urban consumers in the Midwest region. The governor must submit a budget report to the legislature by the eighth calendar day of each regular legislative session, detailing the budget plan and legislative measures.