"Long-Term Budget Outlook Act"; requires State Treasurer to prepare and submit annual multi-year fiscal outlook analysis report.

Summary

The bill obligates the State Treasurer to prepare a detailed three‑year budget projection, showing expected revenues, expenditures, fund balances and any structural deficit under optimistic, baseline and pessimistic economic scenarios. The report must be delivered to the Governor and the Legislature twice each year, first by April 1 (or the Treasurer’s first budget‑committee appearance) and again by May 31 (or the second appearance). The goal is to give policymakers a clear view of the budget’s long‑term trajectory.

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