- Introduced -

SB 28 - This act provides that the revenue estimate upon which the Governor's budget is based shall be the lesser of the revenue estimate as prepared under current law or the actual amount spent for the most recently completed fiscal year as modified by:

1. An increase of one percent; and

2. Any increase of state spending that has been approved by the voters.

This act is similar to HB 2231 (2002).

JIM ERTLE