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2004 SESSION

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HJ 145 Constitutional amendment; limit on appropriations in any fiscal year to preceding year (first ref.).

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); limit on appropriations. Limits total appropriations in any fiscal year to the preceding year's total appropriations plus a percentage increase equal to the rate of inflation plus a factor for population increases. The amendment also provides that any revenues collected in excess of such limitation, after any requisite payments are made to the Revenue Stabilization Fund, shall be distributed by returning 50 percent to individual taxpayers and distributing 50 percent to counties and cities for special projects. "Total appropriations" is defined to include moneys appropriated to the general fund and special funds.


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