Attorney General No.

SA93RF0046

Secretary of State No.

634

Description

TAXES. LOCAL DEBT. ASSESSMENTS. INITIATIVE CONSTITUTIONAL AMENDMENT. Requires approval of State general or special tax increases by two-thirds of Legislature, or majority of voters for general taxes and two-thirds of voters for special taxes. Requires majority of voters to approve local general taxes and two-thirds of voters to approve local special taxes. Requires two-thirds of voters to approve local debt, including bonds, notes and certificates. Establishes procedures for, and limits, assessments, fees and charges. Requires two-thirds of voters to approve new, or increases in existing, assessments for costs of public improvements other than sidewalks, streets, sewers, water, or flood control. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Potentially major annual reductions in state and local government revenues due to restrictions on raising taxes and other revenues. Potentially significant annual costs to local governments due to procedural, election, and debt issuance requirements.

Proponents

Richard L. Gann Paul Gann'S Citizens Committee, 9745-D Business Park Drive, Sacramento, Ca 95827 (916) 366-3500; Lewis K. Uhler, 151 N. Sunrise Avenue, #901, Roseville, Ca 95661 (916) 786-9400; Lee A. Phelps, P.O. Drawer 330, Aptos, Ca 95001-0330 (408) 688-8986; Ernani Bernardi, 7735 Katherine Avenue, Van Nuys, Ca 91405 (818) 785-4453

Date

2-23-1994

Document Type

Initiative

Qualified

Failed to Qualify

Download

Share

COinS