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(3) Reduction in net tax revenue. The State or Territory reports a reduction in net tax <br />revenue, measured as the difference between actual tax revenue and the State's or Territory's <br />baseline, each measured as of the end of the reporting year; and <br />(4) Consideration of other changes. The aggregate amount of measured or predicted <br />reductions in tax revenue caused by covered changes is greater than the sum of the following, in <br />each case, as calculated for the reporting year: <br />(i) The aggregate amount of the expected increases in tax revenue caused by one or more <br />covered changes that, either based on a reasonable statistical methodology to isolate the impact <br />of the covered change in actual revenue or based on projections that use reasonable assumptions <br />and do not incorporate the effects of macroeconomic growth to reduce or increase the projected <br />impact of the covered change, the State or Territory assesses has had or predicts to have the <br />effect of increasing tax revenue; and <br />(ii) Reductions in spending, up to the amount of the State's or Territory's net reduction in <br />total spending, that are in: <br />(A) Departments, agencies, or authorities in which the State or Territory is not using <br />funds; and <br />(B) Departments, agencies, or authorities in which the State or Territory is using funds, in <br />an amount equal to the value of the spending cuts in those departments, agencies, or authorities, <br />minus funds used. <br />(c) Amount and revenue reduction cap. If a State or Territory is considered to be in <br />violation pursuant to paragraph (b) of this section, the amount used in violation of paragraph (a) <br />of this section is equal to the lesser of: <br />432 <br />