The Governor's Financial Policy Council shall perform the following duties and functions:
(1) Review the state revenue forecast and official revenue estimates;
(2) Review long-term expenditure patterns;
(3) Review federal economic, taxation, and budget policies and report to the Governor regarding the impact of such policies on the state economy and upon the state's finances;
(4) Review state infrastructure and capital investment needs and advise the Governor regarding needed changes and revisions;
(5) Review and make recommendations regarding economic issues as are deemed appropriate; and (6) Provide other financial analyses as requested by the Governor or the Governor's Office for Policy and Management.