reported by the Revenue Forecasting Committee in its December 1st report of even-numbered years, increased by the estimated amount of net General Fund revenue decrease, if any, for all enacted changes reduci state and local tax burden included in that forecast.

4. Biennial base year appropriation.__"Biennial base year appropriation" means:

A.__For the 2006-2007 biennium, the General Fund appropriation enacted for fiscal year 2004-05 as of December 1, 2004; and

B.__For subsequent fiscal years,__the amount of the General Fund appropriation limitation for the current year as of December 1st of even-numbered years.

5.__Commissioner.__"Commissioner" means the Commissioner of Administrative and Financial Services.

6.__Forecasted inflation.__"Forecasted inflation" means the average amount of change of the Consumer Price Index for the calendar years that are part of the ensuing biennium forecasted by the Consensus Economic Forecasting Commission in its November 1st report of even-numbered years.

7. General Fund revenue shortfall.__"General Fund revenue shortfall" means the amount by which the General Fund appropriation limitation established by section 1534 exceeds baseline General Fund revenue and other available resources in each state fiscal year.

8.__Stabilization fund.__"Stabilization fund" means the Maine Budget Stabilization Fund established in this chapter.

9.__State and local tax burden.__"State and local tax burden" means the total amount of state and local taxes paid by Maine residents, per $1,000 of income, as determined annually by the State Tax Assessor based on data from the United States Department of Commerce, Bureau of Census and Bureau of Economic Analysis.

§1532.__Maine Budget Stabilization Fund

1.__Generally; stabilization fund established. The Maine Budget Stabilization Fund is hereby established.__Amounts in the stabilization fund may not exceed 12% of total General Fund revenues in the immediately preceding state fiscal year and,