Relating to: accounting and expenditure of state funds and reduction of deficit (first consideration).

Summary

The resolution would change the state constitution to force the legislature to use generally accepted accounting principles, report all state money, and forbid any bill that would raise a fund’s projected deficit. It also requires budget bills to cut existing deficits by at least one‑tenth of any projected tax‑revenue increase and bans new deficits once a fund is balanced. The amendment would affect all state budgeting and fiscal decisions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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