Bill > SJR45

This joint resolution proposes a constitutional amendment to limit state spending in Missouri by establishing an appropriations growth limit. The amendment would restrict total state general revenue appropriations to grow no more than the combined rate of inflation and population change in a given year. Key provisions include defining specific terms like "net general revenue collections" and "appropriations growth limit", requiring any spending above this limit to be approved by a two-thirds vote of the legislature and the governor in the case of an emergency, and mandating that if net general revenue collections exceed the allowed appropriations by more than 1%, the excess must be refunded to taxpayers proportionally based on their state income tax returns. The proposed amendment would be submitted to Missouri voters at the next general election in November 2026, with the ballot language asking voters if the state constitution should be amended to set an appropriations growth limit formula based on inflation and population that restricts total state general revenue appropriations.

Budget and Finance

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=129