Subject to voter approval at the 2022 general election, enacts new Article XV, Taxpayers' Protection Act, to the NC Constitution, establishing the maximum annual percentage change in State fiscal year spending, as defined, calculated at inflation plus the percentage change in State population in the prior calendar year, with an increase in the spending limit authorized only by two-thirds majority of each house of the NCGA. Sets forth defined terms. Effective upon certification.
Status: Ref to the Com on Finance, if favorable, State Government, if favorable, Rules, Calendar, and Operations of the House (House action) (Apr 29 2021)
Bill H 709 (2021-2022)Summary date: Apr 27 2021 - More information