Threshold calculation.
Beginning in 2028, and in each subsequent even-numbered year until 2043, the budget agency will calculate and compare the percentage of revenue growth in state general fund revenue collections between stated state fiscal years, including the comparison of the percentage of revenue growth between the amount of forecasted state general fund revenue collections for particular state fiscal years and the actual state general fund revenue collections for particular state fiscal years, to determine whether statutory conditions are satisfied. The calculation must be made no later than 30 days after the end of each even-numbered state fiscal year.
“State fiscal year” means the annual period commencing July 1 of a given year and ending June 30 of the following year.
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