|
fiscal year. The total General Fund appropriation requests |
| submitted by each department and agency for each fiscal year may |
| not exceed the General Fund appropriation of the previous fiscal |
year multiplied by one plus the average real personal income growth |
rate or 2.75%, whichever is less |
defined in section 1992. For purposes of this subsection, "average |
real personal income growth rate" means the average for the prior |
10 calendar years, ending with the most recent calendar year for |
which data is available, of the percent change in personal income |
in this State for a calendar year, as estimated by the United |
States Department of Commerce, Bureau of Economic Analysis, less |
the percent change in the Consumer Price Index for that calendar |
year. For purposes of this subsection, "Consumer Price Index" has |
the same meaning as in Title 36, section 5402, subsection 1. |
| expenditure estimates must be classified to set forth the data by |
| funds, organization units, character and objects of expenditure. |
| The organization units may be subclassified by functions and |
| activities, or in any other manner, at the discretion of the State |
| Budget Officer. |
