HF 1428

as introduced - 88th Legislature (2013 - 2014) Posted on 03/11/2013 02:41pm

A bill for an act
relating to the budget forecast; allowing spending estimates to include inflation
adjustments; amending Minnesota Statutes 2012, section 16A.103, subdivision
1a.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2012, section 16A.103, subdivision 1a, is amended to
read:

Subd. 1a.

Forecast parameters.

The forecast must assume the continuation of
current laws and reasonable estimates of projected growth in the national and state
economies and affected populations. Revenue must be estimated for all sources provided
for in current law. Expenditures must be estimated for all obligations imposed by law and
those projected to occur as a result of variables outside the control of the legislature.
deleted text begin Expenditure estimates must not include an allowance for inflation.
deleted text end