HI SB106

Changes the general fund expenditure ceiling calculation beginning fiscal year 2019-2020 to be based on the previous fiscal year's actual appropriations rather than the prior year's ceiling amount, creating a more realistic spending limit.

Maintains the current calculation method using fiscal year 1978-1979 as the baseline through fiscal year 2018-2019 to avoid disruption from pension contribution increases under Act 268.

Establishes that revisions to state personal income data published after a fiscal year has elapsed or is in progress shall not retroactively change that fiscal year's expenditure ceiling, but shall apply to subsequent fiscal years.

Requires the 2015 tax review commission to review the Act and submit findings and recommendations to the legislature, with potential proposed amendments intended to take effect before July 1, 2018.

Takes effect upon approval and is intended to promote fiscal prudence, improve budget deliberation, and reinforce the connection between economic growth and general fund appropriation growth.