CONSTRAINTS ON SPENDING ADDITIONAL REVENUE Biennial spending limit adopted by LBB on December 1 Base amount of appropriations about $84.4 billion LBB adopted most conservative level presented, 11.68% Limit may be superseded by majority vote of the membership of House and Senate Some (not LBB) pushing for more restrictive inflation plus population measure 12/4/2014 © 2014 Moak Casey and Associates 9
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