- Article VII
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- Limits the state and each taxing unit to 1980-81 revenue dollars plus ad valorem taxes on subsequent new construction and annual adjustments of two-thirds of the Consumer Price Index percentage change; however, the maximum annual adjustment increase for ad valorem taxes is five percent. Revenue limits may be exceeded only with voter approval, for specified purposes, amounts and periods. Enforcement is by setting aside excess revenue, reduction of rates and taxpayer suits. Includes related provisions.
- Signatures: **Verified Totals are UNOFFICIAL until the Initiative receives certification and a ballot number.
| Required for review by Attorney General:
| Required to have initiative on the ballot:
| ** Number currently valid:
|Sent to Supreme Court:
|Supreme Court Ruling:
|SC Ruling Date:
Year: ||1982 |