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North Carolina Taxpayer Bill of Rights Amendment (2012)
From Ballotpedia
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The bill was sponsored by Reps. John Blust, Ric Killian, Bryan Holloway and Nelson Dollar.
Text of measure
If referred to the ballot, voters would be asked:[2]
Constitutional amendment to limit the General Fund expenditures for each fiscal year to an amount that does not exceed the previous year's General Fund expenditure limit increased by a percentage rate that equals the fiscal growth factor and to provide that the base fiscal year for the General Fund expenditure limit shall be the total authorized General Fund budget for the fiscal year beginning July 1, 2012, increased by the fiscal growth factor. That baseline shall be used to determine the General Fund expenditure limit for the fiscal year beginning July 1, 2013, which will then be used to determine the General Fund expenditure limit for succeeding fiscal years.
Path to the ballot
- See also: Amending the North Carolina Constitution
The North Carolina Constitution, Section 4 of Article XIII, requires that a legislatively-referred amendment go on the ballot after it is approved by a 60% vote of each house of the North Carolina State Legislature.
See also
Similar measures
- Arizona Spending Limit Amendment (2012)
- Georgia Taxpayer Protection Amendment (2012)
- Florida State Revenue Limitation Amendment (2012)
Articles
External links
Additional reading
References
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