Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027.
Sec. 9. The budget agency shall provide the adopting body with an informative summary of the calculations used to determine the certified distribution. The summary of calculations must include:
(1) the amount reported on individual income tax returns processed by the department during the previous fiscal year;
(2) adjustments for over distributions in prior years; and
(3) adjustments for clerical or mathematical errors in prior years.