.117 Budget planning report.
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48.117 Budget planning report.
(1)
On or before August 15 of 1999 and of each subsequent odd-numbered year, the
Office of State Budget Director, in conjunction with the consensus forecasting
group created by KRS 48.115, shall provide to each branch of government a budget
planning report to include:
(a) A baseline analysis and projections of economic conditions and outlook;
(b) Any potential consequences of the analysis and projections for the
Commonwealth's fiscal condition; and
(c) The revenue implications for the general fund and road fund for the current
fiscal year and next four (4) fiscal years.
(2)
The budget planning report shall include, but not be limited to, projections of
personal income, employment, and preliminary planning estimates of general fund
and road fund revenues to be used in the development of budgetary policy and
guidelines for budget unit requests under KRS 48.040 and 48.050 for the next fiscal
biennium.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 46, sec. 15, effective July 14, 2000. -- Created
1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 26, effective May 30, 1997.
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