Introduced by Rep. Barbara Bailey, (R-Oak Harbor) (R) on February 9, 2009, requires that extraordinary revenue growth be transferred to the budget stabilization account. “Extraordinary revenue growth” is defined as the point at which growth in general state revenues for that biennium exceeds by one-third the average biennial percentage growth in general state revenues over the prior five biennia.
Referred to the House Ways & Means Committee on February 9, 2009.