Amendment to fiscal law requires explicit reporting of quantified revenue shortfalls and expenditure excesses. The amendment to section 8(2) omits clause (ca) and inserts clause (da) requiring disclosure of "the level of short fall in revenue or excess of ... Summary
Amendment to fiscal law requires explicit reporting of quantified revenue shortfalls and expenditure excesses.
The amendment to section 8(2) omits clause (ca) and inserts clause (da) requiring disclosure of "the level of short fall in revenue or excess of expenditure under sub section (2) of section 7", thereby imposing an explicit requirement to quantify revenue shortfalls and expenditure excesses tied to section 7(2).
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