Investment earnings-spending policy modifications.

04LSO-0119.C1

                                                         

UPDATED FISCAL NOTE BASED ON JANUARY 2004 CREG (HB0101)

 

There is no fiscal impact during FY 2005 - FY 2007.

 

Using the January 2004 CREG revenue projections, the amount of income exceeding the spending policy amount is zero in both the current step down policy and in the immediate 5% policy proposed in this legislation. Therefore, there is no fiscal impact in going to an immediate 5% level.

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Sharon Garland, Treasurer’s Office    Phone:   777-7408