DIGEST OF INTRODUCED BILL
Expenditure limitations. Limits the annual percentage increase in state expenditures to the lesser of: (1) 6%; or (2) the sum of the percentage increase in state population plus the rate of inflation. Allows voters or two-thirds of the members of the general assembly to authorize additional spending. Authorizes enforcement of these provisions by a private individual civil action or class action. Repeals business cycle state spending controls replaced by the spending cap established by this act.