Fiscal growth factor.
Applied in 2 court decisions — leading case WASH. STATE FARM BUREAU FEDER. v. Gregoire (2007)
Most recently applied in 162 Wash. 2d 284 - Washington State Farm Bureau Federation v. Gregoire (November 2007)
2020 c 218 s 3; 2015 3rd sp.s. c 29 s 3; 2009 c 479 s 35; 2005 c 72 s 4; (2006 c 56 s 7 expired July 1, 2007); 2000 2nd sp.s. c 2 s 1; 1994 c 2 s 2 (Initiative Measure No. 601, …
(1) Each November, the economic and revenue forecast council shall calculate the fiscal growth factor for each fiscal year of the current biennium and the ensuing biennium.
(2) The definitions in this subsection apply throughout this chapter unless the context clearly requires otherwise.
(a) "Fiscal growth factor" means the average growth in state personal income for the prior ten fiscal years.
(b) "General fund" means the state general fund.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.