Regularly updating the state budget outlook to reflect the most recent revenue forecast.

The bill mandates the state budget outlook work group to regularly update the state budget outlook to reflect the most recent revenue forecast. It requires the outlook to estimate revenues and expenditures from the state general fund and related funds, including maintenance items and actions required by law. The outlook must also exclude certain policy items and address major budget and revenue drivers. The work group must update the outlook each quarter and November, and publish its proposed methodology on the economic and revenue forecast council website.

Regularly updating the state budget outlook to reflect the most recent revenue forecast.

The bill mandates the state budget outlook work group to regularly update the state budget outlook to reflect the most recent revenue forecast. It requires the outlook to estimate revenues and expenditures from the state general fund and related funds, including maintenance items and actions required by law. The outlook must also exclude certain policy items and address major budget and revenue drivers. The work group must update the outlook each quarter and November, and publish its proposed methodology on the economic and revenue forecast council website.