SJR 89 - Current constitutional provisions require the Governor to submit to the General Assembly a budget for the ensuing appropriation period containing estimated available revenues and an itemized plan of proposed expenditures. This constitutional amendment, if approved by the voters, requires that such proposed expenditures shall not exceed estimated available revenues, and provides that "estimated available revenues" shall include all state revenues and federal funds, but shall not include any proceeds of debt incurred by the state or the federal government. Additionally, current constitutional provisions allow unspent fund balances to be included in estimated available revenues. This amendment prohibits such inclusion and allows the General Assembly to provide by law for the return of such unspent balances to the taxpayers. (Section 24) Current constitutional provisions also allow the Governor to reduce the expenditures of the state below their appropriations when actual revenues are less than the revenue estimates. This constitutional amendment requires such reduction. (Section 27)
JOSH NORBERG