HB712: Six-year financial plan; modifies requirements for plans submitted by Governor to General Assembly.

Legislative Summary

Six-year financial plan. Modifies the requirements for the six-year financial plan submitted by the Governor to the General Assembly by (i) requiring that such plan be submitted on or before the first day of each regular session of the General Assembly instead of on or before the first day of each regular session of the General Assembly held in an even-numbered year as required by current law and (ii) providing that such plan ensure structural balance between projected revenues and expenditures for the six-year period.