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Office of the Revisor of Statutes

SF 2938 Senate Long Description

Relating to state government finance; requiring state revenue and expenditure forecasts of the commissioner of finance to include a set aside amount reflecting cost increases resulting from inflation in delivering current law level services, restrictions; modifying certain requirements for commissioner determination of variables and requiring the inclusion of the calculation of investment income in the variables; requiring state agency submission of certain expenditure data revisions to the commissioner before release of the forecast, requiring subsequent availability to legislative fiscal staff; requiring the commissioner to periodically provide legislative fiscal staff with revenue updates and to review economic information with the staff before release of the forecast(ra)