Constitutional amendment; limits total appropriations in a year to preceding year's total. (HJ26)

Introduced By

Del. Manoli Loupassi (R-Richmond)

Description

Constitutional amendment (first resolution); limit on appropriations.  Limits total appropriations in a year to the preceding year's total appropriations plus a percentage equal to the sum of the percentage increase in the rate of inflation plus the rate of population increase. However, additional appropriations may be made (i) for tax relief, (ii) for deposits to the Revenue Stabilization Fund, or (iii) for nonrecurring capital projects. "Total appropriations" is defined so as not to include appropriated moneys that are received from the federal government or an agency or unit thereof. Read the Bill »

Outcome

History