Attorney General No.

SA2005RF0013

Secretary of State No.

1097

Description

Amends minimum funding requirement for schools/community colleges, expands opportunities to suspend funding and eliminates reimbursement requirement. Permits Governor to reduce state spending (with certain exceptions) proportionally during declared fiscal emergency. Restricts state/expands local government spending limits. Provides procedure if state exceeds spending limit. Reallocates revenue above spending limit. Requires certain state charges be enacted by 2/3 vote of Legislature. Requires certain local charges be approved by local electorate vote. Specifies requirements for state reimbursement of local government mandates. Restricts state bonds issuance. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Potentially significant reduction in the growth in state spending beginning in 2006-07, accompanied by potential reductions in taxes over time. Slower growth in the minimum funding requirement for K-12 schools and community colleges. Unknown net impact on educational spending from other provisions affecting school finance.

Proponents

John Campbell, Jon Coupal, Larry McCarthy

Date

3-10-2005

Document Type

Initiative

Qualified

Failed to Qualify

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