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Budget Bill. Appropriations. Taxes.



BUDGET BILL. APPROPRIATIONS. TAXES. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Amends the state constitution to require the Governor and legislators to forfeit salaries, travel, and living expenses until annual budget bill is passed by Legislature, if not passed by June 15. Requires two-thirds vote of Legislature to appropriate special fund monies. Repeals provision which prohibits Legislature from imposing new ad valorem real property taxes, sale or transaction taxes on real property sales. Requires two-thirds vote of voters to impose new special taxes, except motor vehicle fuel taxes, by initiative. Adds statute which requires State Controller\u27s Office to audit special funds. Summary of estimate by Legislative Analyst and Director of Finance on state and local governments: Potentially limits future increases in state revenue from special fund taxes imposed by initiatives because of increased vote requirement. Potentially limits future state spending from special funds because of increased vote requirement for legislative appropriations. Unknown effect on future state tax revenue because of increased vote requirement for legislation containing a tax increase. Potential state savings of up to several hundred thousand dollars in any year budget passage is delayed past June 15

Publisher: UC Hastings Scholarship Repository
Year: 1995
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