Limits state and local appropriations growth and returns excess tax revenue to taxpayers.

This bill limits the rate of growth in state and local appropriations to zero, returning any over-collected taxpayer money by reducing taxes. It applies to appropriations from various funds, including the general revenue fund and dedicated accounts. The Legislative Budget Board must establish these limits before transmitting the budget to the governor and legislature. The changes apply to appropriations for the fiscal biennium beginning September 1, 2025, and subsequent bienniums.

Limits state and local appropriations growth and returns excess tax revenue to taxpayers.

This bill limits the rate of growth in state and local appropriations to zero, returning any over-collected taxpayer money by reducing taxes. It applies to appropriations from various funds, including the general revenue fund and dedicated accounts. The Legislative Budget Board must establish these limits before transmitting the budget to the governor and legislature. The changes apply to appropriations for the fiscal biennium beginning September 1, 2025, and subsequent bienniums.