Introduced
by
To place before voters in the next general election a Constitutional amendment to prohibit passage of any bill that would reduce state revenue unless another bill is passed to cut spending or increase revenue from another source. The measure would also require a “fiscal impact note” to be prepared by the legislative fiscal agencies quantifying the projected impact of each bill on state revenues, local governments, businesses and citizens; require biannual budgeting; and require biannual review of all tax credits, exemptions and deductions (which can include everything from food and drug sales tax exemptions, to the principal residence property tax exemption to corporate welfare subsidies).
Referred to the Committee on Appropriations
