Limits assumed revenues to projected revenues by the Economic and Revenue Forecast Council.

This bill amends the state's budget process to ensure that the Economic and Revenue Forecast Council limits assumed revenues to projected revenues. It mandates that the governor's operating budget documents submitted to the legislature must leave a positive ending fund balance in the general fund and related funds. It also requires the projected maintenance level of the governor's operating budget documents not to exceed the available fiscal resources for the next ensuing fiscal biennium.

Limits assumed revenues to projected revenues by the Economic and Revenue Forecast Council.

This bill amends the state's budget process to ensure that the Economic and Revenue Forecast Council limits assumed revenues to projected revenues. It mandates that the governor's operating budget documents submitted to the legislature must leave a positive ending fund balance in the general fund and related funds. It also requires the projected maintenance level of the governor's operating budget documents not to exceed the available fiscal resources for the next ensuing fiscal biennium.