Proposing a constitutional amendment to limit the economic stabilization fund to 15% of total revenue.
This bill proposes a constitutional amendment to set the maximum allowable amount in the economic stabilization fund at 15% of the total revenue, excluding investment income, interest income, and borrowed funds. The amendment will be voted on in the November 4, 2025 election. If approved, it will take effect on September 1, 2028, and expire on September 1, 2029.
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