Proposes a constitutional amendment to limit state spending growth based on inflation or personal income growth.
This resolution proposes a constitutional amendment to establish a limit on the growth of state spending in Rhode Island. The amendment would cap the total appropriations growth in the annual state budget to the greater of the percentage increase in the Consumer Price Index for All Urban Consumers or the percentage increase in Rhode Island personal income for the most recent calendar year. Exceptions to this limit may be established by law, including debt service, federal funds required by law, and emergency expenditures approved by a two-thirds vote of the general assembly.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.