Proposed Amendment No. 4 - NO. 4 (ACT 157, 2021 - HB 487)

Summary

Do you support an amendment to increase the amount of allowable deficit reductions to statutory dedications and constitutionally protected funds from five percent to ten percent? Present Constitution provides that the legislature by law shall establish a procedure to determine if appropriations will exceed the official forecast and an adequate method for adjusting appropriations to eliminate a projected deficit. Present Constitution provides that adjustments are authorized when state general fund allocations or appropriations have been reduced in an aggregate amount equal to at least seven-tenths of one percent of the total of such allocations and appropriations for a fiscal year and such adjustments may not exceed five percent of the total appropriation or allocation from a fund for the fiscal year. Proposed Constitutional Amendment provides that adjustments are authorized when state general fund allocations or appropriations have been reduced in an aggregate amount equal to at least seven-tenths of one percent of the total of such allocations and appropriations for a fiscal year and such adjustments shall not exceed ten percent of the total appropriation or allocation from a fund for the fiscal year. Present Constitution provides that for the purposes of the budget estimate and enactment of the budget for the next fiscal year, when the official forecast of recurring revenues for the next fiscal year is at least one percent less than the official forecast for the current fiscal year, an amount not to exceed five percent of the total appropriations or allocations for the current fiscal year from any fund established by law or this Constitution shall be available for expenditure required by this Constitution in the next fiscal year for a purpose other than as specifically provided by law or this Constitution. Proposed Constitutional Amendment provides that for the purposes of the budget estimate and enactment of the budget for the next fiscal year, when the official forecast of recurring revenues for the next fiscal year is at least one percent less than the official forecast for the current fiscal year, an amount not to exceed ten percent of the total appropriations or allocations for the current fiscal year from any fund established by law or this Constitution shall be available for expenditure required by this Constitution in the next fiscal year for a purpose other than as specifically provided by law or this Constitution.

A "YES" vote supports an amendment to increase the amount of allowable deficit reductions to statutory dedications and constitutionally protected funds from five percent to ten percent

A "NO" vote is against an amendment that would increase the amount of allowable deficit reductions to statutory dedications and constitutionally protected funds from five percent to ten percent

Measure Details