I. Each of the following state agencies shall provide 10-year cost projections for the identified service or program: (a) The department of administrative services: state retiree health insurance, and in conjunction with the department of revenue administration, state revenues. (b) The state treasurer: debt service. (c) The department of education: adequate education grants. (d) The New Hampshire retirement system: state employer retirement contributions. II. The cost projections shall be based on current policy, programs, and tax rates, and shall be adjusted only for demographically-induced changes in demand for public services and projected effects on state government revenues and expenditures.
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