This bill amends the Administrative Code of 1929, specifically Section 618, which pertains to revenue estimates used in the Commonwealth of Pennsylvania's budget procedures. The amendments introduce a structured process for the Department of Revenue and the Secretary of the Budget to create and revise revenue estimates that the Governor will use in preparing the budget. Notably, the bill specifies that the final revenue estimate must be signed by the Governor by the time the general appropriation bill becomes law. It also clarifies that the revenue estimates must separately account for State revenues, Federal funds, and any other specifically appropriated funds.

Additionally, the bill outlines procedures for when the Governor signs an appropriation bill that exceeds the official revenue estimate. It mandates that the Secretary of the Budget must disapprove or reduce appropriations from departments, boards, and commissions to ensure total appropriations do not exceed the official revenue estimate plus any unappropriated surplus. The bill also allows for adjustments to the disapproved or reduced amounts if changes in statutes affecting revenues occur during the fiscal year. Overall, these changes aim to enhance fiscal responsibility and ensure that appropriations align with available revenue.