Establishes a spending cap and increases the maximum capacity of the rainy day fund

Summary

The bill adds a new article to the state finance law that limits how much the state can increase its operating budget each year, using the average inflation rate from the three prior years. It requires the governor to certify the budget stays within that limit, the comptroller to verify it, and lets a two‑thirds super‑majority override the cap in a declared emergency. The measure also expands the maximum size of the state's rainy‑day reserve.

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