LOCAL GOVERNMENTS. STATE REIMBURSEMENTS. INITIATIVE CONSTITUTIONAL AMENDMENT.

LOCAL GOVERNMENTS. STATE REIMBURSEMENTS. INITIATIVE CONSTITUTIONAL AMENDMENT. Requires state to reimburse local governments for costs, reduction in funds, or amount paid by or charged to that local government for: imposing new programs or higher service level in existing programs; increasing local government\u27s share of jointly funded programs; reducing local government\u27s share of local taxes, fees, vehicle license fees; reducing revenues from fines and forfeitures; and modifying special fund allocations. Permits Legislature to suspend local government reimbursement for one year, and with voter approval, for total of three consecutive fiscal years in a 10 year period. Requires public financial accountability process. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Measure would result in higher state costs than otherwise would have occurred, potentially several billion dollars annually. Commensurate increase in funding to cities, counties, and special districts. Increased costs to schools, cities, counties, and special districts to develop financial and performance reports, possibly exceeding several million dollars annually