AN ACT ADJUSTING THE FISCAL GUARDRAILS.

Summary

The measure updates the formula used to set the annual threshold for the state's volatility‑fund revenue transfers, switching to an inflation‑adjusted five‑year moving average. It also lifts the cap on the Budget Reserve Fund so it can hold up to 20% of net General Fund appropriations. These changes aim to make the state's fiscal safeguards more responsive to economic conditions.

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