as introduced - 90th Legislature (2017 - 2018) Posted on 03/09/2017 08:12am
A bill for an act
relating to state government; allowing spending estimates in budget forecast to
include inflation adjustments; amending Minnesota Statutes 2016, section 16A.103,
subdivision 1a.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 16A.103, subdivision 1a, is amended to read:
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