Published October 26, 2012, 07:32 AM
ATTORNEY GENERAL’S EXPLANATION OF AMENDMENT P
While the constitution currently restricts the State from incurring debt, it does not expressly require the State to have a balanced budget.
While the constitution currently restricts the State from incurring debt, it does not expressly require the State to have a balanced budget. Amendment P requires the Governor to propose a balanced budget.
In addition, Amendment P prohibits legislative appropriations from exceeding anticipated revenues and existing available funds. The amendment is not intended to affect other constitutional provisions.
A vote “Yes” will include balanced budget requirements in the Constitution.
A vote “No” will leave the Constitution as it is.
Tags: election 2012, news, updates, state, constitution, debt, spending, budget
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