To removes the underlying amendments and provisions regarding the supermajority vote and the underlying bill's provisions regarding the supermajority vote and calculation of the expenditure limit. It revises calculation of the limit as follows: The "base year" for calculating the expenditure limit is set as fiscal year 2005; the fiscal growth factor calculation is based on the rolling average of IPD inflation and population growth for the three years prior to the year for which the limit is adopted, e.g., 02, 03, and 04 for the FY 05 limit. It revises the "two-way street" limit adjustment calculation by permitting upward adjustment to the limit only where the cost of a program is shifted to the general fund; the legislature requires the deposit in the general fund of an ongoing revenue source that would otherwise be deposited in the account that previously supported the program, in an amount equal to the cost of the program; and the redirection of the revenue source takes place on the same date as the program shift. Shifts of moneys alone do not result in upward adjustment of the limit. For purposes of adjusting the limit, defines program shift as the shift of any portion of a program's cost, including program growth. It eliminates the transfer from the Emergency Reserve Fund to the Multimodal Transportation Account. It retains the underlying bill's changes to the Expenditure Limit Committee membership by adding the ranking minority members of House Appropriations and Senate Ways & Means to the Committee.