VOTE REQUIREMENT FOR FEES/CHARGES. STATE AND LOCAL APPROPRIATION LIMITS. SCHOOL FUNDING. STATE MANDATES. BONDS. INITIATIVE CONSTITUTIONAL AMENDMENT.

VOTE REQUIREMENT FOR FEES/CHARGES. STATE AND LOCAL APPROPRIATION LIMITS. SCHOOL FUNDING. STATE MANDATES. BONDS. INITIATIVE CONSTITUTIONAL AMENDMENT. Requires certain state fees/charges be enacted by two thirds vote of Legislature, not by current majority vote. Requires certain local fees/charges be approved by two-thirds of electorate; currently no vote required. Amends state and local appropriation limits. Provides procedure if state exceeds appropriation limit. Repeals Proposition 98 revenue transfers above appropriation limit to community col1ege and school districts. Allocates General Fund revenue above appropriation limit to specific funds/purposes. Specifies requirements for reimbursement of local government mandates. Restricts state bond issuances. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Potential substantial reduction in state spending beginning in 2006-07. State spending restrained below current-law levels in future years. Potential reduction in certain state and local revenues