SF 2088

as introduced - 89th Legislature (2015 - 2016) Posted on 04/17/2015 08:45am

A bill for an act
relating to state government; allowing spending estimates in budget forecast
to include inflation adjustments; amending Minnesota Statutes 2014, section
16A.103, subdivision 1a.

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

Section 1.

Minnesota Statutes 2014, 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 new text begin inflation and new text end variables outside the control of the
legislature. deleted text begin Expenditure estimates must not include an allowance for inflation.
deleted text end