INCREASES LEGISLATIVE VOTE REQUIREMENT TO TWO-THIRDS FOR STATE LEVIES AND CHARGES. IMPOSES ADDITIONAL REQUIREMENT FOR VOTERS TO APPROVE LOCAL LEVIES AND CHARGES WITH LIMITED EXCEPTIONS. INITIATIVE CONSTITUTIONAL AMENDMENT

Increases legislative vote requirement to two-thirds for state levies and charges, with limited exceptions, currently subject to majority vote. Changes Constitution to require voters to approve, either by two-thirds or majority, local levies and charges with limited exceptions. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Potentially major decrease in state and local revenues and spending in the future, depending upon actions of the Legislature, local governing bodies, and voters