HJ 592 Constitutional amendment (first resolution); Budget Bill.
Vincent F. Callahan, Jr. | all patrons    ...    notes
| add to my profiles
history

Summary as passed House:
Constitutional amendment (first resolution); Budget Bill. Requires the Governor to submit an annual Budget Bill that (i) appropriates at least two percent of the general fund revenues for capital improvements in any fiscal year where the general fund revenues are projected to increase by more than eight percent over the immediately preceding fiscal year, and (ii) appropriates any surplus income tax and sales tax revenues in a fiscal year, less certain required expenditures, for nonrecurring expenditures in the next fiscal year. This resolution incorporates HJRs 522, 558, 577, 585, 644, 758, and 760.


Summary as introduced:
Constitutional amendment (first resolution); Budget Bill. Requires the Governor to submit an annual Budget Bill that (i) appropriates at least 2 percent of the general fund revenues for capital improvements in any fiscal year where the general fund revenues are projected to increase by more than 8 percent over the immediately preceding fiscal year, and (ii) appropriates any surplus income tax and sales tax revenues in a fiscal year, less certain required expenditures, for nonrecurring expenditures in the next fiscal year.