(a) Budgetary Programs and Financial Plans. (1) The Governor or Governor-elect shall formulate the programs and financial plans to be recommended to the Legislative Council and the General Assembly after considering the state agency-proposed programs and financial plans and other programs and alternatives he or she deems appropriate.
(2) The program and financial plan submitted by him or her shall include:
(A) His or her goals and policies;
(B) Recommended plans to implement the goals and policies;
(C) Recommended budgets for each year for which an appropriation is being requested; and
(D) Recommended revenue measures to finance the budget.
(b) Presentation to General Assembly. (1) The Governor or Governor-elect shall present the proposed comprehensive program and financial plan to the Legislative Council for their timely consideration and in a message to a joint session of the General Assembly. The message shall be accompanied by an explanatory report which summarizes recommended goals, policies, plans, and appropriations.
(2) The explanatory report shall be furnished to each member of the General Assembly and each agency. The report shall contain the following information:
(A) The coordinated programs, goals, and objectives that the Governor or Governor-elect recommends to guide the decisions on program plans and budget appropriations;
(B) The program and budget recommendations of the Governor or Governor-elect for each year of the succeeding biennium;
(C) A summary of state receipts in the previous fiscal year, an estimate for the current fiscal year, and an estimate for each year of the succeeding biennium;
(D) A summary of expenditures during the last fiscal year, those estimated for the current fiscal year, and those recommended by the Governor or Governor-elect for each year for which appropriations are requested; and
(E) Any additional information which will facilitate understanding the Governor's or Governor-elect's proposed program and financial plan by the General Assembly and the public.
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