Projected revenue calculation: apply the projected growth rate to base year revenue to derive annual revenue projections. Section 6 requires calculating projected revenue for any year in a State by applying the projected growth rate to the State's base year revenue, using a compound growth factor over the intervening years; the provision illustrates this by applying the growth factor to a stated base year revenue to obtain the projected revenue for a later financial year.
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Provisions expressly mentioned in the judgment/order text.
Projected revenue calculation: apply the projected growth rate to base year revenue to derive annual revenue projections.
Section 6 requires calculating projected revenue for any year in a State by applying the projected growth rate to the State's base year revenue, using a compound growth factor over the intervening years; the provision illustrates this by applying the growth factor to a stated base year revenue to obtain the projected revenue for a later financial year.
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