e.  "Spending  limitation" means the maximum amount of county spending
 established in county fiscal years 1992, 1993, 1994, 1995,  1996,  1997,
 1998,  1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009,
 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020,  2021,
 2022 [and], 2023, 2024, 2025 AND 2026.
   § 5. Establishment of annual spending limitation. a. For county fiscal
 years  1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002,
 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013,  2014,
 2015,  2016,  2017, 2018, 2019, 2020, 2021, 2022 [and], 2023, 2024, 2025
 AND 2026 there shall be in effect an  annual  spending  limitation.  The
 spending  limitation shall be derived from a fixed percentage reflecting
 the ratio of base  year  spending  to  county  personal  income.  County
 personal  income for such calculation shall be for the period January 1,
 1986 through December 31, 1986. Such  percentage  shall  be  applied  to
 county  personal  income for the period January 1, 1989 through December
 31, 1989, to determine the spending limitation for  county  fiscal  year
 1992;  to determine the spending limitation for county fiscal year 1993,
 such percentage shall be applied to county personal income for the peri-
 od January 1, 1990 through December 31, 1990; to determine the  spending
 limitation for county fiscal year 1994, such percentage shall be applied
 to  county personal income for the period January 1, 1991 through Decem-
 ber 31, 1991; to determine the spending  limitation  for  county  fiscal
 year  1995,  such  percentage shall be applied to county personal income
 for the period January 1, 1992 through December 31, 1992;  to  determine
 the  spending  limitation  for  county fiscal year 1996, such percentage
 shall be applied to county personal income for  the  period  January  1,
 1993 through December 31, 1993; to determine the spending limitation for
 county  fiscal  year  1997,  such  percentage shall be applied to county
 personal income for the period January  1,  1994  through  December  31,
 1994;  to determine the spending limitation for county fiscal year 1998,
 such percentage shall be applied to county personal income for the peri-
 od January 1, 1995 through December 31, 1995; to determine the  spending
 limitation for county fiscal year 1999, such percentage shall be applied
 to  county personal income for the period January 1, 1996 through Decem-
 ber 31, 1996; to determine the spending  limitation  for  county  fiscal
 year  2000,  such  percentage shall be applied to county personal income
 for the period January 1, 1997 through December 31, 1997;  to  determine
 the  spending  limitation  for  county fiscal year 2001, such percentage
 shall be applied to county personal income for  the  period  January  1,
 1998 through December 31, 1998; to determine the spending limitation for
 county  fiscal  year  2002,  such  percentage shall be applied to county
 personal income for the period January  1,  1999  through  December  31,
 1999;  to determine the spending limitation for county fiscal year 2003,
 such percentage shall be applied to county personal income for the peri-
 od January 1, 2000 through December 31, 2000; to determine the  spending
 limitation for county fiscal year 2004, such percentage shall be applied
 to  county personal income for the period January 1, 2001 through Decem-
 ber 31, 2001; to determine the spending  limitation  for  county  fiscal
 year  2005,  such  percentage shall be applied to county personal income
 for the period January 1, 2002 through December 31, 2002;  to  determine
 the  spending  limitation  for  county fiscal year 2006, such percentage
 shall be applied to county personal income for  the  period  January  1,
 2003 through December 31, 2003; to determine the spending limitation for
 the  county fiscal year 2007, such percentage shall be applied to county
 personal income for the period January  1,  2004  through  December  31,
 2004;  to  determine  the spending limitation for the county fiscal year
 S. 6823                             3
 
 2008, such percentage shall be applied to county personal income for the
 period January 1, 2005 through  December  31,  2005;  to  determine  the
 spending  limitation  for  the  county fiscal year 2009, such percentage
 shall  be  applied  to  county personal income for the period January 1,
 2006 through December 31, 2006; to determine the spending limitation for
 the county fiscal year 2010, such percentage shall be applied to  county
 personal  income  for  the  period  January 1, 2007 through December 31,
 2007; to determine the spending limitation for the  county  fiscal  year
 2011, such percentage shall be applied to county personal income for the
 period  January  1,  2008  through  December  31, 2008; to determine the
 spending limitation for the county fiscal  year  2012,  such  percentage
 shall  be  applied  to  county personal income for the period January 1,
 2009 through December 31, 2009; to determine the spending limitation for
 the county fiscal year 2013, such percentage shall be applied to  county
 personal  income  for  the  period  January 1, 2010 through December 31,
 2010; to determine the spending limitation for the  county  fiscal  year
 2014, such percentage shall be applied to county personal income for the
 period  January  1,  2011  through  December  31, 2011; to determine the
 spending limitation for the county fiscal  year  2015,  such  percentage
 shall  be  applied  to  county personal income for the period January 1,
 2012 through December 31, 2012; to determine the spending limitation for
 county fiscal year 2016, such percentage shall be applied to the  county
 personal  income  for  the  period  January 1, 2013 through December 31,
 2013; to determine the spending limitation for the  county  fiscal  year
 2017, such percentage shall be applied to county personal income for the
 period  January  1, 2014 through December 31, 2014; and to determine the
 spending limitation for county fiscal year 2018, such  percentage  shall
 be  applied to the county personal income for the period January 1, 2015
 through December 31, 2015; to determine the spending limitation for  the
 county  fiscal  year  2019,  such  percentage shall be applied to county
 personal income for the period January  1,  2016  through  December  31,
 2016;  and  to  determine the spending limitation for county fiscal year
 2020, such percentage shall be applied to the county personal income for
 the period January 1, 2017 through December 31, 2017; and  to  determine
 the spending limitation for the county fiscal year 2021, such percentage
 shall  be  applied  to  county personal income for the period January 1,
 2018 through December 31, 2018; and to determine the spending limitation
 for the county fiscal year 2022, such percentage  shall  be  applied  to
 county  personal  income for the period January 1, 2019 through December
 31, 2019; and to determine the spending limitation for the county fiscal
 year 2023, such percentage shall be applied to  county  personal  income
 for  the period January 1, 2020 through December 31, 2020; AND TO DETER-
 MINE THE SPENDING LIMITATION FOR  THE  COUNTY  FISCAL  YEAR  2024,  SUCH
 PERCENTAGE  SHALL  BE  APPLIED  TO COUNTY PERSONAL INCOME FOR THE PERIOD
 JANUARY 1, 2021 THROUGH DECEMBER 31, 2021; AND TO DETERMINE THE SPENDING
 LIMITATION FOR THE COUNTY FISCAL YEAR 2025,  SUCH  PERCENTAGE  SHALL  BE
 APPLIED TO COUNTY PERSONAL INCOME FOR THE PERIOD JANUARY 1, 2022 THROUGH
 DECEMBER  31,  2022;  AND  TO  DETERMINE THE SPENDING LIMITATION FOR THE
 COUNTY FISCAL YEAR 2026, SUCH PERCENTAGE  SHALL  BE  APPLIED  TO  COUNTY
 PERSONAL  INCOME  FOR  THE  PERIOD  JANUARY 1, 2023 THROUGH DECEMBER 31,
 2023.
   b. The spending limitation shall serve as a statutory  cap  on  county
 spending  to be reflected in the tentative budget as well as the enacted
 budget for county fiscal years beginning in 1992.
   § 7. Mandatory tax reduction. In the event that  the  county  spending
 subject  to the spending limitation exceeds such limitation in the adop-
 S. 6823                             4
 tive county budget for county fiscal year 1992, 1993, 1994, 1995,  1996,
 1997,  1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008,
 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019,  2020,
 2021, 2022 [or], 2023, 2024, 2025 OR 2026 then section 1262-b of the tax
 law shall be repealed.
   §  16. This act shall take effect immediately, provided, however, that
 sections one through seven of this act shall be in full force and effect
 until November 30, [2023] 2026.
   § 3. This act shall take effect immediately; provided,  however,  that
 the amendments to sections 4, 5 and 7 of chapter 272 of the laws of 1991
 made  by section two of this act shall not affect the expiration of such
 sections and shall be deemed repealed therewith.